Looking to diversify beyond GIYIX? The mutual funds below have the lowest correlation with GIYIX — 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 GIYIX.
Best Diversifiers for GIYIX
20 mutual funds have low correlation with GIYIX (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 -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Managed Futures Strategy Fund | -0.03 | -0.12 | -0.20 | 53 | Systematic Trend | GIYIX vs RYMTX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.01 | 0.31 | 0.36 | 99 | Ultrashort Bond | GIYIX vs TRSTX | |
| Tactical Multi-Purpose Fund | 0.04 | 0.04 | 0.02 | 100 | Ultrashort Bond | GIYIX vs TMPFX | |
| CrossingBridge Ultra-Short Duration Fund | 0.05 | 0.04 | — | 99 | Ultrashort Bond | GIYIX vs CBUDX | |
| Northern Ultra-Short Fixed Income Fund | 0.07 | 0.25 | 0.32 | 98 | Ultrashort Bond | GIYIX vs NUSFX |
See all 45 diversifiers for GIYIX
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