Looking to diversify beyond GMTZX? The mutual funds below have historically moved differently from GMTZX, 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 GMTZX
1 mutual funds have low correlation with GMTZX (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 -0.16, 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 | -0.16 | -0.13 | -0.11 | 93 | Multistrategy | GMTZX vs GFSYX | |
| GuideStone Funds Low-Duration Bond Fund | 0.48 | 0.46 | 0.43 | 91 | Short-Term Bond | GMTZX vs GLDYX | |
| GuideStone Funds Global Real Estate Securities Fun... | 0.50 | 0.66 | 0.71 | 55 | REIT | GMTZX vs GREZX | |
| Dimensional Retirement Income Fund | 0.85 | 0.88 | 0.86 | 81 | Target Retirement Date | GMTZX vs TDIFX | |
| Voya Target Retirement 2040 Fund | 0.87 | 0.90 | 0.91 | 75 | Target Retirement Date | GMTZX vs IRSOX |
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