Looking to diversify beyond GMGZX? The mutual funds below have the lowest correlation with GMGZX — 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 GMGZX.
Best Diversifiers for GMGZX
1 mutual funds have low correlation with GMGZX (below 0.3), 0 of which are negatively correlated. The least correlated is GuideStone Funds Low-Duration Bond Fund (GLDYX) (Short-Term Bond) with a 1Y correlation of 0.29, up from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideStone Funds Low-Duration Bond Fund | 0.29 | 0.21 | 0.19 | 89 | Short-Term Bond | GMGZX vs GLDYX | |
| Dimensional Retirement Income Fund | 0.74 | 0.77 | 0.74 | 83 | Target Retirement Date | GMGZX vs TDIFX | |
| GuideStone Funds Emerging Markets Equity Fund | 0.75 | 0.75 | 0.74 | 90 | Emerging Markets Diversified | GMGZX vs GEMYX | |
| Fidelity Freedom Income Fund Class K | 0.79 | 0.71 | 0.69 | 75 | Target Retirement Date | GMGZX vs FNSHX | |
| Fidelity Freedom Income Fund | 0.79 | 0.72 | 0.69 | 76 | Target Retirement Date | GMGZX vs FFFAX |
See all 63 diversifiers for GMGZX
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Diversification Analysis
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