Looking to diversify beyond GMGZX? The mutual funds below have historically moved differently from GMGZX, 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 GMGZX
1 mutual funds have low correlation with GMGZX (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 -0.20, roughly unchanged from -0.11 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 | -0.20 | -0.15 | -0.11 | 93 | Multistrategy | GMGZX vs GFSYX | |
| GuideStone Funds Low-Duration Bond Fund | 0.35 | 0.23 | 0.20 | 91 | Short-Term Bond | GMGZX vs GLDYX | |
| GuideStone Funds Global Real Estate Securities Fun... | 0.43 | 0.61 | 0.69 | 55 | REIT | GMGZX vs GREZX | |
| GuideStone Funds Value Equity Fund | 0.76 | 0.83 | 0.87 | 76 | Large Cap Value Equities | GMGZX vs GVEYX | |
| GuideStone Funds Emerging Markets Equity Fund | 0.79 | 0.75 | 0.75 | 61 | Emerging Markets Equities | GMGZX vs GEMYX |
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