Looking to diversify beyond GIOIX? The mutual funds below have historically moved differently from GIOIX, 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 GIOIX
11 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 -0.12, up from -0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.12 | -0.25 | — | 99 | Nontraditional Bonds | GIOIX vs APFPX | |
| Putnam Mortgage Opportunities Fund | -0.01 | 0.05 | 0.09 | 88 | Nontraditional Bonds | GIOIX vs PMOTX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.00 | — | — | 100 | Nontraditional Bonds | GIOIX vs CBYYX | |
| Cliffwater Enhanced Lending Fund | 0.02 | 0.07 | 0.08 | 100 | Nontraditional Bonds | GIOIX vs CELFX | |
| Guggenheim Alpha Opportunity Fund | 0.06 | 0.05 | 0.08 | 83 | Long-Short | GIOIX vs SAOAX |
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