Looking to diversify beyond GLFOX? The mutual funds below have the lowest correlation with GLFOX — 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 GLFOX.
Best Diversifiers for GLFOX
28 mutual funds have low correlation with GLFOX (below 0.3), 1 of which are negatively correlated. The least correlated is T. Rowe Price Global Technology Fund I Class (PGTIX) (Technology Equities) with a 1Y correlation of -0.08, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Technology Fund I Class | -0.08 | 0.05 | 0.21 | 78 | Technology Equities, Global Equities | GLFOX vs PGTIX | |
| American Funds The New Economy Fund® Class F-2 | 0.02 | 0.17 | 0.33 | 80 | Global Equities | GLFOX vs NEFFX | |
| T. Rowe Price Global Stock Fund | 0.05 | 0.19 | 0.36 | 60 | Global Equities | GLFOX vs PRGSX | |
| Lazard Emerging Markets Equity Advantage Portfolio | 0.05 | 0.20 | 0.28 | 82 | Emerging Markets Diversified | GLFOX vs LEAIX | |
| Oberweis Global Opportunities Fund | 0.05 | 0.22 | 0.34 | 63 | Global Equities | GLFOX vs OBEGX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLFOX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLFOX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-A) (Financial Services) with a 1Y correlation of 0.34, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.34 | 0.38 | 0.45 | 53 | Financial Services |
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