Looking to diversify beyond GILHX? The mutual funds below have historically moved differently from GILHX, 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 GILHX
11 mutual funds have low correlation with GILHX (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 0.00, up from -0.24 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 | 0.00 | -0.08 | -0.24 | 56 | Systematic Trend | GILHX vs RYMTX | |
| Guggenheim Alpha Opportunity Fund | 0.00 | -0.02 | 0.00 | 83 | Long-Short | GILHX vs SAOAX | |
| Guggenheim Series Multi-Hedge Strategies Fund | 0.02 | -0.05 | -0.09 | 89 | Multistrategy | GILHX vs RYMQX | |
| GuidePath Absolute Return Allocation Fund | 0.15 | 0.54 | 0.64 | 69 | Short-Term Bond | GILHX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 0.16 | 0.17 | 0.25 | 84 | Short-Term Bond | GILHX vs LCCMX |
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