Looking to diversify beyond GIYIX? The mutual funds below have historically moved differently from GIYIX, 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 GIYIX
23 mutual funds have low correlation with GIYIX (below 0.3), 2 of which are negatively correlated. The least correlated is Tactical Multi-Purpose Fund (TMPFX) (Ultrashort Bond) with a 1Y correlation of -0.04, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | -0.04 | 0.03 | 0.01 | 100 | Ultrashort Bond | GIYIX vs TMPFX | |
| Guggenheim Managed Futures Strategy Fund | -0.01 | -0.12 | -0.20 | 56 | Systematic Trend | GIYIX vs RYMTX | |
| Northern Ultra-Short Fixed Income Fund | 0.03 | 0.23 | 0.31 | 99 | Ultrashort Bond | GIYIX vs NUSFX | |
| CrossingBridge Ultra-Short Duration Fund | 0.04 | 0.03 | 0.06 | 99 | Ultrashort Bond | GIYIX vs CBUDX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.05 | 0.30 | 0.36 | 99 | Ultrashort Bond | GIYIX vs TRSTX |
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