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
68 mutual funds have low correlation with GLIFX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA Commodity Strategy Portfolio (DCMSX) (Commodities) with a 1Y correlation of -0.12, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Commodity Strategy Portfolio | -0.12 | -0.02 | 0.07 | 81 | Commodities | GLIFX vs DCMSX | |
| Pacific Funds Floating Rate Income | -0.00 | 0.10 | 0.15 | 82 | Bank Loan | GLIFX vs PLFRX | |
| Fidelity Blue Chip Growth Fund | 0.04 | 0.12 | 0.29 | 75 | Large Cap Growth Equities | GLIFX vs FBGRX | |
| Lazard Developing Markets Equity Portfolio | 0.08 | 0.23 | 0.29 | 94 | Emerging Markets Diversified | GLIFX vs LDMIX | |
| Lazard Emerging Markets Equity Advantage Portfolio | 0.09 | 0.23 | 0.29 | 92 | Emerging Markets Diversified | GLIFX vs LEAIX |
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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 0.13, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Renewable Partners L.P. | 0.13 | 0.30 | 0.31 | 85 | Utilities | |
| Brookfield Corp | 0.23 | 0.36 | 0.44 | 53 | Financial Services | |
| TC Energy Corporation | 0.28 | 0.38 | 0.41 | 87 | Energy | |
| RenaissanceRe Holdings Ltd. | 0.28 | 0.26 | 0.29 | 58 | Financial Services | |
| Canadian National Railway Company | 0.47 | 0.40 | 0.46 | 59 | Industrials |
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