Looking to diversify beyond GINDX? The mutual funds below have the lowest correlation with GINDX — 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 GINDX.
Best Diversifiers for GINDX
1 mutual funds have low correlation with GINDX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.22, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.22 | 0.09 | 0.08 | 95 | Large Cap Blend Equities | GINDX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.36 | 0.57 | 0.75 | 51 | Large Cap Blend Equities | GINDX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.37 | 0.57 | 0.75 | 51 | Large Cap Blend Equities | GINDX vs QIACX | |
| AQR Long-Short Equity Fund Class N | 0.46 | 0.49 | 0.42 | 51 | Long-Short, Actively Managed | GINDX vs QLENX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.31 | 0.39 | 69 | Large Cap Blend Equities | GINDX vs ORDNX |
See all 45 diversifiers for GINDX
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