Looking to diversify beyond GILAX? The mutual funds below have the lowest correlation with GILAX — 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 GILAX.
Best Diversifiers for GILAX
4 mutual funds have low correlation with GILAX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Ultra Short Bond Fund (LUBYX) (Ultrashort Bond) with a 1Y correlation of 0.10, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Ultra Short Bond Fund | 0.10 | 0.11 | 0.06 | 98 | Ultrashort Bond | GILAX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.19 | 0.19 | 0.13 | 67 | Short-Term Bond | GILAX vs LALDX | |
| Lord Abbett Short Duration Income Fund | 0.24 | 0.12 | 0.11 | 69 | Total Bond Market | GILAX vs LLDYX | |
| Voya Corporate Leaders Trust Fund | 0.28 | 0.55 | 0.68 | 53 | Large Cap Value Equities | GILAX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.46 | 0.57 | 0.69 | 70 | Large Cap Value Equities | GILAX vs SVAIX |
See all 31 diversifiers for GILAX
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