Looking to diversify beyond GLVAX? The mutual funds below have the lowest correlation with GLVAX — 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 GLVAX.
Best Diversifiers for GLVAX
2 mutual funds have low correlation with GLVAX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.12, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.12 | 0.24 | 0.39 | 62 | Global Equities | GLVAX vs CSUAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.29 | 0.44 | 0.54 | 82 | Global Equities | GLVAX vs RTXAX | |
| Franklin Income Fund Advisor Class | 0.37 | 0.40 | 0.50 | 89 | Diversified Portfolio | GLVAX vs FRIAX | |
| Polaris Global Value Fund | 0.40 | 0.50 | 0.57 | 92 | Global Equities | GLVAX vs PGVFX | |
| Wasatch Global Value Fund Investor Class Shares | 0.41 | 0.38 | 0.47 | 87 | Global Equities | GLVAX vs FMIEX |
See all 38 diversifiers for GLVAX
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