Looking to diversify beyond GLBIX? The mutual funds below have historically moved differently from GLBIX, 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 GLBIX
2 mutual funds have low correlation with GLBIX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.21, up from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.21 | 0.12 | 0.01 | 79 | Global Allocation | GLBIX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.28 | 0.31 | 0.54 | 68 | Global Allocation | GLBIX vs MHESX | |
| Wilmington Real Asset Fund | 0.30 | 0.52 | 0.59 | 90 | Global Allocation | GLBIX vs WMRIX | |
| Centerstone Investors Fund | 0.39 | 0.67 | 0.76 | 87 | Global Allocation | GLBIX vs CENTX | |
| Nuveen Real Asset Income Fund | 0.40 | 0.60 | 0.68 | 85 | Global Allocation | GLBIX vs NRIIX |
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