Looking to diversify beyond GIOIX? The mutual funds below have the lowest correlation with GIOIX — 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 GIOIX.
Best Diversifiers for GIOIX
10 mutual funds have low correlation with GIOIX (below 0.3), 2 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.10, up from -0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.10 | -0.26 | — | 99 | Nontraditional Bonds | GIOIX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.02 | — | — | 100 | Nontraditional Bonds | GIOIX vs CBYYX | |
| Putnam Mortgage Opportunities Fund | 0.01 | 0.04 | 0.09 | 74 | Nontraditional Bonds | GIOIX vs PMOTX | |
| T. Rowe Price Dynamic Credit Fund | 0.10 | 0.12 | 0.10 | 78 | Nontraditional Bonds | GIOIX vs RPIDX | |
| Guggenheim Managed Futures Strategy Fund | 0.18 | 0.07 | -0.09 | 53 | Systematic Trend | GIOIX vs RYMTX |
See all 31 diversifiers for GIOIX
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