Looking to diversify beyond GMCOX? The mutual funds below have the lowest correlation with GMCOX — 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 GMCOX.
Best Diversifiers for GMCOX
1 mutual funds have low correlation with GMCOX (below 0.3), 0 of which are negatively correlated. The least correlated is GuideMark Emerging Markets Fund (GMLVX) (Emerging Markets Diversified) with a 1Y correlation of 0.22, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideMark Emerging Markets Fund | 0.22 | 0.14 | 0.10 | 85 | Emerging Markets Diversified | GMCOX vs GMLVX | |
| GuidePath Growth Allocation Fund | 0.34 | 0.25 | 0.18 | 61 | Global Equities | GMCOX vs GPSTX | |
| GuidePath Conservative Allocation Fund | 0.55 | 0.50 | 0.43 | 60 | Diversified Portfolio | GMCOX vs GPTCX | |
| Loomis Sayles Securitized Asset Fund | 0.74 | 0.88 | 0.89 | 50 | Intermediate Core Bond | GMCOX vs LSSAX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.82 | 0.89 | 0.88 | 50 | Intermediate Core Bond | GMCOX vs PCGTX |
Diversification Analysis
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