Looking to diversify beyond GLDYX? The mutual funds below have historically moved differently from GLDYX, 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 GLDYX
10 mutual funds have low correlation with GLDYX (below 0.3), 1 of which are negatively correlated. The least correlated is GuideStone Funds Strategic Alternatives Fund (GFSYX) (Multistrategy) with a 1Y correlation of -0.07, roughly unchanged from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideStone Funds Strategic Alternatives Fund | -0.07 | -0.04 | -0.06 | 93 | Multistrategy | GLDYX vs GFSYX | |
| Leader Short Term High Yield Bond Fund | 0.03 | -0.00 | 0.13 | 84 | Short-Term Bond | GLDYX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.11 | 0.50 | 0.58 | 69 | Short-Term Bond | GLDYX vs GPARX | |
| GuideStone Funds Emerging Markets Equity Fund | 0.16 | 0.10 | 0.11 | 61 | Emerging Markets Equities | GLDYX vs GEMYX | |
| DFA Two-Year Fixed Income Portfolio | 0.26 | 0.11 | 0.43 | 100 | Short-Term Bond | GLDYX vs DFCFX |
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