Looking to diversify beyond GMODX? The mutual funds below have the lowest correlation with GMODX — 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 GMODX.
Best Diversifiers for GMODX
22 mutual funds have low correlation with GMODX (below 0.3), 3 of which are negatively correlated. The least correlated is GMO Resources Fund (GOFIX) (Energy Equities) with a 1Y correlation of -0.14, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Resources Fund | -0.14 | 0.01 | -0.03 | 84 | Energy Equities | GMODX vs GOFIX | |
| Nationwide Amundi Strategic Income Fund | -0.04 | 0.20 | 0.14 | 99 | Multisector Bonds | GMODX vs NWXHX | |
| GMO Alternative Allocation Fund | -0.01 | 0.02 | -0.05 | 66 | Multistrategy | GMODX vs GAAVX | |
| Artisan Global Unconstrained Fund | 0.02 | -0.27 | — | 99 | Nontraditional Bonds | GMODX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.04 | — | — | 100 | Nontraditional Bonds | GMODX vs CBYYX |
See all 55 diversifiers for GMODX
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