Looking to diversify beyond GOFIX? The mutual funds below have the lowest correlation with GOFIX — 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 GOFIX.
Best Diversifiers for GOFIX
7 mutual funds have low correlation with GOFIX (below 0.3), 3 of which are negatively correlated. The least correlated is GMO Opportunistic Income Fund (GMODX) (Nontraditional Bonds) with a 1Y correlation of -0.18, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Opportunistic Income Fund | -0.18 | 0.00 | -0.04 | 97 | Nontraditional Bonds | GOFIX vs GMODX | |
| GMO U.S. Treasury Fund | -0.10 | 0.05 | 0.03 | 99 | Government Bonds | GOFIX vs GUSTX | |
| GMO Multi-Sector Fixed Income Fund | -0.05 | 0.12 | 0.08 | 74 | Intermediate Core-Plus Bond | GOFIX vs GUGAX | |
| GMO Alternative Allocation Fund | 0.10 | 0.29 | 0.34 | 66 | Multistrategy | GOFIX vs GAAVX | |
| GMO Emerging Country Debt Fund Class VI | 0.17 | 0.27 | — | 98 | Emerging Markets Bonds | GOFIX vs GMOQX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOFIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOFIX and solid risk/return profiles. The least correlated is Annaly Capital Management, Inc. (NLY) (Real Estate) with a 1Y correlation of 0.23, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Annaly Capital Management, Inc. | 0.23 | 0.39 | 0.45 | 76 | Real Estate |
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