Looking to diversify beyond GIPIX? The mutual funds below have historically moved differently from GIPIX, 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 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 -0.05, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.05 | 0.19 | 0.13 | 85 | Tactical Allocation | GIPIX vs PBAIX | |
| Fidelity Floating Rate High Income Fund | 0.23 | 0.28 | 0.33 | 95 | Bank Loan | GIPIX vs FFRHX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.39 | 0.61 | 0.67 | 61 | Foreign Large Cap Equities | GIPIX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.39 | 0.61 | 0.67 | 61 | Foreign Large Cap Equities | GIPIX vs GSIMX | |
| Donoghue Forlines Dividend Fund | 0.42 | 0.61 | 0.70 | 91 | Tactical Allocation | GIPIX vs PWDIX |
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