Looking to diversify beyond GIMMX? The mutual funds below have historically moved differently from GIMMX, 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 GIMMX
14 mutual funds have low correlation with GIMMX (below 0.3), 5 of which are negatively correlated. The least correlated is GuideStone Funds Strategic Alternatives Fund (GFSYX) (Multistrategy) with a 1Y correlation of -0.19, roughly unchanged from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideStone Funds Strategic Alternatives Fund | -0.19 | -0.14 | -0.09 | 92 | Multistrategy | GIMMX vs GFSYX | |
| AQR Style Premia Alternative Fund - Class I | -0.09 | -0.02 | -0.07 | 89 | Multistrategy | GIMMX vs QSPIX | |
| AQR Style Premia Alternative R6 | -0.08 | -0.02 | -0.08 | 89 | Multistrategy | GIMMX vs QSPRX | |
| AQR Style Premia Alternative Fund Class N | -0.08 | -0.02 | -0.07 | 88 | Multistrategy | GIMMX vs QSPNX | |
| GMO Alternative Allocation Fund | -0.03 | 0.05 | 0.04 | 92 | Multistrategy | GIMMX vs GAAVX |
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