Looking to diversify beyond GMOIX? The mutual funds below have historically moved differently from GMOIX, 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 GMOIX
4 mutual funds have low correlation with GMOIX (below 0.3), 1 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | -0.01 | 0.06 | 0.03 | 99 | Government Bonds | GMOIX vs GUSTX | |
| GMO Alternative Allocation Fund | 0.09 | 0.30 | 0.35 | 89 | Multistrategy | GMOIX vs GAAVX | |
| GMO Multi-Sector Fixed Income Fund | 0.14 | 0.25 | 0.20 | 90 | Intermediate Core-Plus Bond | GMOIX vs GUGAX | |
| GMO Opportunistic Income Fund | 0.21 | 0.21 | 0.13 | 98 | Nontraditional Bonds | GMOIX vs GMODX | |
| GMO Emerging Country Debt Fund Class VI | 0.44 | 0.38 | — | 98 | Emerging Markets Bonds | GMOIX vs GMOQX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GMOIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.07, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.07 | 0.28 | 0.43 | 61 | Financial Services |
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