Looking to diversify beyond GMWZX? The mutual funds below have historically moved differently from GMWZX, 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 GMWZX
1 mutual funds have low correlation with GMWZX (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 -0.17, 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 | -0.17 | -0.13 | -0.11 | 93 | Multistrategy | GMWZX vs GFSYX | |
| GuideStone Funds Low-Duration Bond Fund | 0.45 | 0.39 | 0.35 | 91 | Short-Term Bond | GMWZX vs GLDYX | |
| GuideStone Funds Global Real Estate Securities Fun... | 0.48 | 0.65 | 0.72 | 55 | REIT | GMWZX vs GREZX | |
| GuideStone Funds Value Equity Fund | 0.75 | 0.80 | 0.83 | 76 | Large Cap Value Equities | GMWZX vs GVEYX | |
| GuideStone Funds Emerging Markets Equity Fund | 0.75 | 0.68 | 0.70 | 61 | Emerging Markets Equities | GMWZX vs GEMYX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GMWZX
Add GMWZX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GMWZX