Looking to diversify beyond GLBIX? The mutual funds below have the lowest correlation with GLBIX — 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 GLBIX.
Best Diversifiers for GLBIX
1 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 0.18, up from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.18 | 0.10 | 0.01 | 88 | Global Allocation | GLBIX vs LFMIX | |
| Wilmington Real Asset Fund | 0.35 | 0.55 | 0.62 | 86 | Global Allocation | GLBIX vs WMRIX | |
| Allspring Absolute Return Fund | 0.45 | 0.64 | 0.66 | 95 | Global Allocation | GLBIX vs WARAX | |
| Hartford Real Asset Fund | 0.46 | 0.64 | 0.74 | 97 | Global Allocation | GLBIX vs HRLYX | |
| MH Elite Select Portfolio of Funds Fund | 0.48 | 0.38 | 0.57 | 57 | Global Allocation | GLBIX vs MHESX |
See all 20 diversifiers for GLBIX
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