Looking to diversify beyond GIMMX? The mutual funds below have the lowest correlation with GIMMX — 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 GIMMX.
Best Diversifiers for GIMMX
9 mutual funds have low correlation with GIMMX (below 0.3), 0 of which are negatively correlated. The least correlated is Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX) (Multistrategy) with a 1Y correlation of 0.03, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.03 | 0.02 | 0.01 | 98 | Multistrategy | GIMMX vs SHRIX | |
| GMO Alternative Allocation Fund | 0.04 | 0.06 | 0.06 | 66 | Multistrategy | GIMMX vs GAAVX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.06 | 0.07 | 0.04 | 100 | Multistrategy | GIMMX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class I | 0.06 | 0.03 | 0.15 | 99 | Multistrategy | GIMMX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 0.06 | 0.01 | 0.14 | 99 | Multistrategy | GIMMX vs ADANX |
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