Looking to diversify beyond GLOSX? The mutual funds below have historically moved differently from GLOSX, 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 GLOSX
5 mutual funds have low correlation with GLOSX (below 0.3), 0 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of 0.06, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.06 | 0.00 | -0.00 | 100 | High Yield Bonds | GLOSX vs XILSX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.10 | 0.10 | 0.11 | 98 | Ultrashort Bond | GLOSX vs MYFRX | |
| GQG Partners Global Quality Dividend Income Fund | 0.19 | 0.53 | 0.67 | 63 | Quality Factor, Global Equities | GLOSX vs GQFPX | |
| Pioneer Securitized Income Fund | 0.21 | 0.12 | 0.10 | 61 | Nontraditional Bonds | GLOSX vs SYFFX | |
| Pioneer Floating Rate Fund | 0.29 | 0.21 | 0.24 | 86 | Bank Loan | GLOSX vs FLYRX |
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