Looking to diversify beyond GOF? The mutual funds below have the lowest correlation with GOF — 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 GOF.
Best Diversifiers for GOF
16 mutual funds have low correlation with GOF (below 0.3), 0 of which are negatively correlated. The least correlated is Guggenheim Alpha Opportunity Fund (SAOAX) (Long-Short) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Alpha Opportunity Fund | 0.09 | 0.09 | 0.09 | 76 | Long-Short | GOF vs SAOAX | |
| Rational Special Situations Income Fund | 0.10 | 0.12 | 0.10 | 98 | Multisector Bonds | GOF vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | 0.13 | 0.15 | 0.17 | 97 | Multisector Bonds | GOF vs CBLDX | |
| Guggenheim Ultra Short Duration Fund | 0.14 | 0.14 | 0.19 | 99 | Ultrashort Bond | GOF vs GIYIX | |
| Nationwide Strategic Income A | 0.17 | 0.14 | 0.14 | 99 | Multisector Bonds | GOF vs NWXEX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOF and solid risk/return profiles. The least correlated is Ventas, Inc. (VTR) (Real Estate) with a 1Y correlation of -0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ventas, Inc. | -0.04 | 0.10 | 0.20 | 92 | Real Estate | |
| MPLX LP | -0.01 | 0.18 | 0.26 | 79 | Energy | |
| Energy Transfer LP | -0.01 | 0.15 | 0.25 | 83 | Energy | |
| British American Tobacco p.l.c. | 0.01 | 0.13 | 0.14 | 70 | Consumer Defensive | |
| Realty Income Corporation | 0.02 | 0.16 | 0.20 | 69 | Real Estate |
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Build a portfolio that complements GOF
Add GOF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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