Looking to diversify beyond GNXIX? The mutual funds below have historically moved differently from GNXIX, 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 GNXIX
7 mutual funds have low correlation with GNXIX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of -0.06, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | -0.06 | 0.22 | 0.35 | 70 | Quality Factor, Global Equities | GNXIX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.04 | 0.22 | 0.35 | 79 | Infrastructure Equities, Global Equities | GNXIX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.12 | 0.30 | 0.41 | 66 | Infrastructure Equities, Global Equities | GNXIX vs FGIAX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.17 | 0.36 | 0.46 | 53 | Global Equities, Low Volatility | GNXIX vs SVTAX | |
| SEI Institutional Investments Trust Global Managed... | 0.28 | 0.40 | 0.48 | 93 | Global Equities, Low Volatility | GNXIX vs SGMAX |
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