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AlphaCentric Robotics and Automation Fund (GNXIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks long-term capital appreciation. The fund seeks to achieve its investment objective by investing in a portfolio of U.S. and foreign common stock of companies involved in innovative and breakthrough technologies across multiple sectors. Under normal market conditions, the fund invests at least 80% of its net assets plus any borrowings for investment purposes in companies involved in robotics-related and/or automation-related products and/or services. The fund is non-diversified.

Looking to diversify beyond GNXIX? The mutual funds below have the lowest correlation with GNXIX — 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 GNXIX.

Best Diversifiers for GNXIX

1 mutual funds have low correlation with GNXIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.14, down from 0.37 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CSUAX
Cohen & Steers Global Infrastructure Fund Class A0.140.260.37
51
Global EquitiesGNXIX vs CSUAX
SGMAX
SEI Institutional Investments Trust Global Managed...0.330.420.49
61
Global EquitiesGNXIX vs SGMAX
LYFIX
AlphaCentric LifeSci Healthcare Fund0.350.430.51
76
Health & Biotech EquitiesGNXIX vs LYFIX
FMIEX
Wasatch Global Value Fund Investor Class Shares0.360.370.47
86
Global EquitiesGNXIX vs FMIEX
LVAFX
LSV Global Managed Volatility Fund0.370.440.51
84
Global EquitiesGNXIX vs LVAFX
See all 27 diversifiers for GNXIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from GNXIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GNXIX and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.40, roughly unchanged from 0.47 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
TSLA
Tesla, Inc.0.400.410.47
59
Consumer Cyclical

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Diversification Analysis

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