Looking to diversify beyond GMCOX? The mutual funds below have historically moved differently from GMCOX, 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 GMCOX
0 mutual funds have low correlation with GMCOX (below 0.3), 0 of which are negatively correlated. The least correlated is GuideMark Small/Mid Cap Core Fund (GMSMX) (Small Cap Blend Equities) with a 1Y correlation of 0.36, up from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideMark Small/Mid Cap Core Fund | 0.36 | 0.25 | 0.17 | 71 | Small Cap Blend Equities | GMCOX vs GMSMX | |
| GuideMark World ex-US Fund | 0.43 | 0.31 | 0.24 | 67 | Foreign Large Cap Equities | GMCOX vs GMWEX | |
| GuidePath Conservative Allocation Fund | 0.55 | 0.49 | 0.44 | 69 | Diversified Portfolio | GMCOX vs GPTCX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.73 | 0.72 | 0.71 | 64 | Intermediate Core Bond | GMCOX vs STWTX | |
| Loomis Sayles Securitized Asset Fund | 0.77 | 0.87 | 0.90 | 64 | Intermediate Core Bond | GMCOX vs LSSAX |
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