Looking to diversify beyond GMODX? The mutual funds below have historically moved differently from GMODX, 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 GMODX
24 mutual funds have low correlation with GMODX (below 0.3), 4 of which are negatively correlated. The least correlated is GMO Resources Fund (GOFIX) (Energy Equities) with a 1Y correlation of -0.16, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Resources Fund | -0.16 | -0.01 | -0.03 | 83 | Energy Equities | GMODX vs GOFIX | |
| GMO Alternative Allocation Fund | -0.04 | 0.01 | -0.05 | 92 | Multistrategy | GMODX vs GAAVX | |
| Cliffwater Enhanced Lending Fund | -0.04 | 0.03 | 0.04 | 100 | Nontraditional Bonds | GMODX vs CELFX | |
| Artisan Global Unconstrained Fund | -0.01 | -0.26 | — | 99 | Nontraditional Bonds | GMODX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.01 | — | — | 100 | Nontraditional Bonds | GMODX vs CBYYX |
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