Looking to diversify beyond GLFOX? The mutual funds below have historically moved differently from GLFOX, 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 GLFOX
35 mutual funds have low correlation with GLFOX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds The New Economy Fund® Class F-2 (NEFFX) (Global Equities) with a 1Y correlation of 0.01, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The New Economy Fund® Class F-2 | 0.01 | 0.16 | 0.32 | 70 | Global Equities | GLFOX vs NEFFX | |
| Oberweis Global Opportunities Fund | 0.01 | 0.19 | 0.29 | 54 | Global Equities | GLFOX vs OBEGX | |
| Lazard Emerging Markets Equity Advantage Portfolio | 0.03 | 0.18 | 0.27 | 63 | Emerging Markets Equities | GLFOX vs LEAIX | |
| T. Rowe Price Global Stock Fund | 0.03 | 0.18 | 0.35 | 51 | Global Equities | GLFOX vs PRGSX | |
| Lazard Enhanced Opportunities Portfolio Open Share... | 0.03 | 0.03 | 0.07 | 75 | Convertible Bonds | GLFOX vs LEOOX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GLFOX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. Class A (BRK-A) (Financial Services) with a 1Y correlation of 0.38, roughly unchanged from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. Class A | 0.38 | 0.37 | 0.42 | 58 | Financial Services |
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