Looking to diversify beyond GNMFX? The mutual funds below have the lowest correlation with GNMFX — 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 GNMFX.
Best Diversifiers for GNMFX
10 mutual funds have low correlation with GNMFX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.01 | 0.17 | 0.21 | 95 | Municipal Bonds | GNMFX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.01 | 0.21 | 0.23 | 94 | Municipal Bonds | GNMFX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.25 | 0.34 | 99 | Municipal Bonds | GNMFX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.19 | 0.27 | — | 100 | Municipal Bonds | GNMFX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.28 | 0.35 | 99 | Municipal Bonds | GNMFX vs USMSX |
See all 21 diversifiers for GNMFX
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