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
8 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 0.05, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Alpha Opportunity Fund | 0.05 | 0.07 | 0.08 | 58 | Long-Short | GOF vs SAOAX | |
| Guggenheim Ultra Short Duration Fund | 0.15 | 0.15 | 0.19 | 98 | Ultrashort Bond | GOF vs GIYIX | |
| Guggenheim Municipal Income Fund | 0.16 | 0.16 | 0.18 | 80 | Municipal Bonds | GOF vs GIJAX | |
| Guggenheim Series Multi-Hedge Strategies Fund | 0.23 | 0.14 | 0.16 | 68 | Multistrategy | GOF vs RYMQX | |
| Guggenheim Managed Futures Strategy Fund | 0.25 | 0.13 | 0.09 | 53 | Systematic Trend | GOF vs RYMTX |
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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 | 0.11 | 0.20 | 80 | Real Estate | |
| Energy Transfer LP | 0.02 | 0.15 | 0.25 | 69 | Energy | |
| British American Tobacco p.l.c. | 0.06 | 0.14 | 0.15 | 77 | Consumer Defensive | |
| AbbVie Inc. | 0.07 | 0.10 | 0.11 | 62 | Healthcare | |
| International Business Machines Corporation | 0.17 | 0.21 | 0.23 | 53 | Technology |
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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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