Looking to diversify beyond GIJAX? The mutual funds below have the lowest correlation with GIJAX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from GIJAX.
Best Diversifiers for GIJAX
13 mutual funds have low correlation with GIJAX (below 0.3), 0 of which are negatively correlated. The least correlated is Guggenheim Managed Futures Strategy Fund (RYMTX) (Systematic Trend) with a 1Y correlation of 0.01, up from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Managed Futures Strategy Fund | 0.01 | -0.05 | -0.11 | 55 | Systematic Trend | GIJAX vs RYMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.23 | 0.31 | 99 | Municipal Bonds | GIJAX vs DFSMX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy H | 0.17 | 0.11 | 0.15 | 62 | Leveraged Equities | GIJAX vs RMQHX | |
| Rydex NASDAQ-100 Fund Investor Class | 0.17 | 0.11 | 0.15 | 66 | Large Cap Growth Equities | GIJAX vs RYOCX | |
| DFA NY Municipal Bond Portfolio | 0.18 | 0.27 | 0.35 | 99 | Municipal Bonds | GIJAX vs DNYMX |
See all 25 diversifiers for GIJAX
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