Looking to diversify beyond GIOTX? The mutual funds below have historically moved differently from GIOTX, 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 GIOTX
4 mutual funds have low correlation with GIOTX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.00, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.00 | 0.06 | 0.04 | 99 | Government Bonds | GIOTX vs GUSTX | |
| GMO Alternative Allocation Fund | 0.12 | 0.33 | 0.37 | 92 | Multistrategy | GIOTX vs GAAVX | |
| GMO Multi-Sector Fixed Income Fund | 0.15 | 0.25 | 0.21 | 89 | Intermediate Core-Plus Bond | GIOTX vs GUGAX | |
| GMO Opportunistic Income Fund | 0.22 | 0.21 | 0.14 | 95 | Nontraditional Bonds | GIOTX vs GMODX | |
| GMO Emerging Country Debt Fund Class VI | 0.45 | 0.39 | — | 98 | Emerging Markets Bonds | GIOTX vs GMOQX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GIOTX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.10, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.10 | 0.30 | 0.44 | 61 | Financial Services |
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