Looking to diversify beyond GMAMX? The mutual funds below have historically moved differently from GMAMX, 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 GMAMX
13 mutual funds have low correlation with GMAMX (below 0.3), 4 of which are negatively correlated. The least correlated is AQR Style Premia Alternative R6 (QSPRX) (Multistrategy) with a 1Y correlation of -0.09, roughly unchanged from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative R6 | -0.09 | -0.02 | -0.07 | 90 | Multistrategy | GMAMX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | -0.07 | -0.02 | -0.07 | 90 | Multistrategy | GMAMX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.06 | -0.02 | -0.07 | 89 | Multistrategy | GMAMX vs QSPNX | |
| GMO Alternative Allocation Fund | -0.02 | 0.06 | 0.04 | 89 | Multistrategy | GMAMX vs GAAVX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.09 | 0.03 | 0.02 | 99 | Multistrategy | GMAMX vs SHRIX |
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