Looking to diversify beyond GLLSX? The mutual funds below have historically moved differently from GLLSX, 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 GLLSX
7 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 -0.04, roughly unchanged from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | -0.04 | -0.07 | -0.04 | 100 | Municipal Bonds | GLLSX vs ATOIX | |
| abrdn Realty Income & Growth Fund | 0.05 | 0.27 | 0.41 | 82 | REIT | GLLSX vs AIGYX | |
| Abrdn Healthcare Opportunities Fund | 0.12 | 0.26 | 0.39 | 55 | Health & Biotech Equities | GLLSX vs THQ | |
| Goldman Sachs GQG Partners International Opportuni... | 0.16 | 0.50 | 0.63 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | GLLSX vs GSIYX | |
| abrdn Short Duration High Yield Municipal Fund | 0.17 | 0.11 | 0.12 | 69 | High Yield Muni | GLLSX vs AHYMX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GLLSX
Add GLLSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GLLSX