Looking to diversify beyond GIPIX? The mutual funds below have the lowest correlation with GIPIX — 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 GIPIX.
Best Diversifiers for GIPIX
2 mutual funds have low correlation with GIPIX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.09, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.09 | 0.17 | 0.12 | 75 | Tactical Allocation | GIPIX vs PBAIX | |
| Fidelity Floating Rate High Income Fund | 0.25 | 0.29 | 0.33 | 92 | Bank Loan | GIPIX vs FFRHX | |
| Quantified Evolution Plus Fund | 0.36 | 0.51 | 0.38 | 80 | Tactical Allocation | GIPIX vs QEVOX | |
| AQR Diversifying Strategies Fund Class N | 0.47 | 0.34 | 0.13 | 88 | Tactical Allocation | GIPIX vs QDSNX | |
| Goldman Sachs Short Duration Bond Fund | 0.47 | 0.47 | 0.48 | 72 | Short-Term Bond | GIPIX vs GSSRX |
See all 53 diversifiers for GIPIX
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