Looking to diversify beyond GLIFX? The mutual funds below have historically moved differently from GLIFX, 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 GLIFX
89 mutual funds have low correlation with GLIFX (below 0.3), 3 of which are negatively correlated. The least correlated is DFA Commodity Strategy Portfolio (DCMSX) (Commodities) with a 1Y correlation of -0.15, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Commodity Strategy Portfolio | -0.15 | -0.05 | 0.06 | 80 | Commodities | GLIFX vs DCMSX | |
| T. Rowe Price Global Technology Fund I Class | -0.08 | 0.04 | 0.20 | 51 | Technology Equities, Global Equities | GLIFX vs PGTIX | |
| American Funds The New Economy Fund Class A | -0.01 | 0.15 | 0.32 | 75 | Global Equities, Actively Managed | GLIFX vs ANEFX | |
| American Funds The New Economy Fund® Class F-2 | 0.00 | 0.16 | 0.32 | 74 | Global Equities | GLIFX vs NEFFX | |
| Lazard Emerging Markets Equity Advantage Portfolio | 0.01 | 0.17 | 0.27 | 71 | Emerging Markets Equities | GLIFX vs LEAIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GLIFX, 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 Brookfield Renewable Partners L.P. (BEP) (Utilities) with a 1Y correlation of 0.08, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Renewable Partners L.P. | 0.08 | 0.28 | 0.30 | 76 | Utilities | |
| RenaissanceRe Holdings Ltd. | 0.29 | 0.29 | 0.30 | 82 | Financial Services | |
| TC Energy Corporation | 0.31 | 0.38 | 0.40 | 92 | Energy | |
| Enbridge Inc. | 0.32 | 0.44 | 0.47 | 78 | Energy | |
| Canadian National Railway Company | 0.47 | 0.38 | 0.46 | 88 | Industrials |
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