Looking to diversify beyond GMDYX? The mutual funds below have historically moved differently from GMDYX, 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 GMDYX
1 mutual funds have low correlation with GMDYX (below 0.3), 1 of which are negatively correlated. The least correlated is GuideStone Funds Strategic Alternatives Fund (GFSYX) (Multistrategy) with a 1Y correlation of -0.06, roughly unchanged from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideStone Funds Strategic Alternatives Fund | -0.06 | -0.04 | -0.06 | 93 | Multistrategy | GMDYX vs GFSYX | |
| GuideStone Funds Equity Index Fund | 0.39 | 0.25 | 0.19 | 56 | Large Cap Blend Equities | GMDYX vs GEQYX | |
| Holbrook Income Fund Class I | 0.40 | 0.33 | 0.39 | 99 | Intermediate Core-Plus Bond | GMDYX vs HOBIX | |
| GuideStone Funds Global Real Estate Securities Fun... | 0.45 | 0.44 | 0.36 | 55 | REIT | GMDYX vs GREZX | |
| GuideStone Funds MyDestination 2055 Fund | 0.45 | 0.32 | 0.25 | 63 | Target Retirement Date | GMDYX vs GMGZX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GMDYX
Add GMDYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GMDYX