Looking to diversify beyond GOBSX? The mutual funds below have historically moved differently from GOBSX, 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 GOBSX
2 mutual funds have low correlation with GOBSX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.23 | 0.07 | 0.26 | 100 | Global Bonds | GOBSX vs DFGFX | |
| Western Asset Ultra-Short Income Fund | 0.25 | 0.25 | 0.26 | 98 | Ultrashort Bond | GOBSX vs ARMGX | |
| ClearBridge Small Cap Fund | 0.40 | 0.30 | 0.30 | 53 | Small Cap Blend Equities | GOBSX vs LMASX | |
| Martin Currie SMA-Shares Series EM Fund | 0.42 | 0.33 | 0.35 | 83 | Emerging Markets Equities | GOBSX vs LCSMX | |
| ClearBridge Value Trust | 0.44 | 0.34 | 0.33 | 79 | Large Cap Value Equities | GOBSX vs LMVTX |
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