Looking to diversify beyond GMCDX? The mutual funds below have historically moved differently from GMCDX, 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 GMCDX
6 mutual funds have low correlation with GMCDX (below 0.3), 1 of which are negatively correlated. The least correlated is GMO Alternative Allocation Fund (GAAVX) (Multistrategy) with a 1Y correlation of -0.06, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | -0.06 | 0.06 | 0.08 | 89 | Multistrategy | GMCDX vs GAAVX | |
| GMO U.S. Treasury Fund | 0.12 | 0.08 | 0.09 | 99 | Government Bonds | GMCDX vs GUSTX | |
| GMO Resources Fund | 0.18 | 0.27 | 0.28 | 82 | Energy Equities | GMCDX vs GOFIX | |
| AQR Long-Short Equity Fund Class N | 0.18 | 0.09 | 0.05 | 75 | Long-Short, Actively Managed | GMCDX vs QLENX | |
| GMO Multi-Sector Fixed Income Fund | 0.26 | 0.47 | 0.48 | 90 | Intermediate Core-Plus Bond | GMCDX vs GUGAX |
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