Looking to diversify beyond GLRBX? The mutual funds below have the lowest correlation with GLRBX — 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 GLRBX.
Best Diversifiers for GLRBX
1 mutual funds have low correlation with GLRBX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.07, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.17 | 0.48 | 70 | Diversified Portfolio | GLRBX vs MHELX | |
| Fidelity Strategic Real Return Fund | 0.38 | 0.55 | 0.61 | 87 | Diversified Portfolio | GLRBX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.55 | 0.60 | 82 | Diversified Portfolio | GLRBX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.55 | 0.61 | 86 | Diversified Portfolio | GLRBX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.54 | 0.60 | 88 | Diversified Portfolio | GLRBX vs FIQDX |
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