Looking to diversify beyond GIMFX? The mutual funds below have historically moved differently from GIMFX, 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 GIMFX
4 mutual funds have low correlation with GIMFX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.03 | 0.05 | 0.05 | 99 | Government Bonds | GIMFX vs GUSTX | |
| LoCorr Macro Strategies Fund Class I | 0.23 | 0.08 | -0.01 | 83 | Global Allocation | GIMFX vs LFMIX | |
| GMO Alternative Allocation Fund | 0.24 | 0.48 | 0.58 | 92 | Multistrategy | GIMFX vs GAAVX | |
| GMO Multi-Sector Fixed Income Fund | 0.25 | 0.30 | 0.20 | 89 | Intermediate Core-Plus Bond | GIMFX vs GUGAX | |
| MH Elite Select Portfolio of Funds Fund | 0.33 | 0.33 | 0.43 | 75 | Global Allocation | GIMFX vs MHESX |
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