Looking to diversify beyond GLIFX? The mutual funds below have the lowest correlation with GLIFX — 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 GLIFX.
Best Diversifiers for GLIFX
64 mutual funds have low correlation with GLIFX (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 -0.05, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Technology Fund I Class | -0.05 | 0.07 | 0.22 | 82 | Technology Equities, Global Equities | GLIFX vs PGTIX | |
| Fidelity Blue Chip Growth Fund | 0.00 | 0.11 | 0.28 | 58 | Large Cap Growth Equities | GLIFX vs FBGRX | |
| Pacific Funds Floating Rate Income | 0.01 | 0.11 | 0.15 | 84 | Bank Loan | GLIFX vs PLFRX | |
| Baron Global Advantage Fund | 0.02 | 0.15 | 0.27 | 52 | Global Equities | GLIFX vs BGAIX | |
| American Funds The New Economy Fund® Class F-2 | 0.06 | 0.19 | 0.34 | 82 | Global Equities | GLIFX vs NEFFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLIFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLIFX and solid risk/return profiles. The least correlated is Brookfield Renewable Partners L.P. (BEP) (Utilities) with a 1Y correlation of 0.10, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Renewable Partners L.P. | 0.10 | 0.29 | 0.31 | 83 | Utilities | |
| Wyndham Hotels & Resorts, Inc. | 0.22 | 0.23 | 0.31 | 52 | Consumer Cyclical | |
| Brookfield Corporation | 0.23 | 0.36 | 0.45 | 50 | Financial Services | |
| RenaissanceRe Holdings Ltd. | 0.27 | 0.26 | 0.29 | 77 | Financial Services | |
| TC Energy Corporation | 0.28 | 0.39 | 0.41 | 96 | Energy |
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Build a portfolio that complements GLIFX
Add GLIFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GLIFX