Looking to diversify beyond GMCDX? The mutual funds below have the lowest correlation with GMCDX — 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 GMCDX.
Best Diversifiers for GMCDX
6 mutual funds have low correlation with GMCDX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO Alternative Allocation Fund (GAAVX) (Multistrategy) with a 1Y correlation of 0.01, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | 0.01 | 0.08 | 0.08 | 66 | Multistrategy | GMCDX vs GAAVX | |
| GMO U.S. Treasury Fund | 0.15 | 0.09 | 0.10 | 99 | Government Bonds | GMCDX vs GUSTX | |
| GMO Resources Fund | 0.22 | 0.28 | 0.28 | 84 | Energy Equities | GMCDX vs GOFIX | |
| GMO Opportunistic Income Fund | 0.25 | 0.39 | 0.37 | 97 | Nontraditional Bonds | GMCDX vs GMODX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.27 | 0.26 | 0.32 | 63 | Emerging Markets Bonds | GMCDX vs EDF |
See all 77 diversifiers for GMCDX
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