Looking to diversify beyond GIJAX? The mutual funds below have historically moved differently from GIJAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GIJAX
11 mutual funds have low correlation with GIJAX (below 0.3), 1 of which are negatively correlated. The least correlated is Guggenheim Managed Futures Strategy Fund (RYMTX) (Systematic Trend) with a 1Y correlation of -0.02, up from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Managed Futures Strategy Fund | -0.02 | -0.06 | -0.12 | 53 | Systematic Trend | GIJAX vs RYMTX | |
| abrdn Ultra Short Municipal Income Fund | 0.19 | 0.26 | 0.24 | 100 | Municipal Bonds | GIJAX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.23 | 0.31 | 100 | Municipal Bonds | GIJAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.27 | — | 99 | Municipal Bonds | GIJAX vs DFABX | |
| Guggenheim Directional Allocation Fund | 0.22 | 0.14 | 0.15 | 52 | Large Cap Growth Equities | GIJAX vs TVRIX |
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