Looking to diversify beyond GIUSX? The mutual funds below have historically moved differently from GIUSX, 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 GIUSX
7 mutual funds have low correlation with GIUSX (below 0.3), 1 of which are negatively correlated. The least correlated is Guggenheim Managed Futures Strategy Fund (RYMTX) (Systematic Trend) with a 1Y correlation of -0.03, up from -0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Managed Futures Strategy Fund | -0.03 | -0.11 | -0.27 | 56 | Systematic Trend | GIUSX vs RYMTX | |
| Guggenheim Alpha Opportunity Fund | 0.02 | 0.00 | 0.01 | 83 | Long-Short | GIUSX vs SAOAX | |
| Guggenheim Series Multi-Hedge Strategies Fund | 0.05 | -0.04 | -0.11 | 89 | Multistrategy | GIUSX vs RYMQX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.21 | -0.19 | -0.24 | 99 | Total Bond Market | GIUSX vs JSOSX | |
| Guggenheim Floating Rate Strategies Fund | 0.22 | 0.18 | 0.20 | 81 | Bank Loan | GIUSX vs GIFIX |
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