Looking to diversify beyond GOGFX? The mutual funds below have historically moved differently from GOGFX, 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 GOGFX
2 mutual funds have low correlation with GOGFX (below 0.3), 1 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSFX) (Commodities) with a 1Y correlation of -0.04, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | -0.04 | 0.07 | 0.17 | 65 | Commodities | GOGFX vs MCSFX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.02 | — | — | 100 | Nontraditional Bonds | GOGFX vs CBYYX | |
| Victory Global Energy Transition Fund | 0.35 | 0.51 | 0.57 | 96 | Energy Equities | GOGFX vs RSNRX | |
| Aegis Value Fund Class I | 0.38 | 0.46 | 0.54 | 95 | Small Cap Value Equities | GOGFX vs AVALX | |
| USAA High Income Fund | 0.47 | 0.51 | 0.52 | 75 | High Yield Bonds | GOGFX vs USHYX |
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