Looking to diversify beyond GLLSX? The mutual funds below have the lowest correlation with GLLSX — 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 GLLSX.
Best Diversifiers for GLLSX
2 mutual funds have low correlation with GLLSX (below 0.3), 1 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of -0.12, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | -0.12 | -0.09 | -0.06 | 99 | Municipal Bonds | GLLSX vs ATOIX | |
| abrdn Short Duration High Yield Municipal Fund | 0.12 | 0.10 | 0.11 | 56 | High Yield Muni | GLLSX vs AHYMX | |
| abrdn Global Infrastructure Fund | 0.41 | 0.51 | 0.62 | 53 | Energy Equities | GLLSX vs AIFRX | |
| abrdn Global High Income Fund | 0.47 | 0.47 | 0.52 | 67 | High Yield Bonds | GLLSX vs BJBHX | |
| SA Emerging Markets Value Fund | 0.49 | 0.51 | 0.51 | 93 | Emerging Markets Diversified | GLLSX vs SAEMX |
See all 157 diversifiers for GLLSX
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