Looking to diversify beyond GOIGX? The mutual funds below have historically moved differently from GOIGX, 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 GOIGX
2 mutual funds have low correlation with GOIGX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Infrastructure Equities) with a 1Y correlation of 0.27, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.27 | 0.44 | 0.57 | 80 | Infrastructure Equities, Energy Equities | GOIGX vs JEEIX | |
| Federated Hermes International Strategic Value Div... | 0.28 | 0.46 | 0.59 | 88 | Foreign Large Cap Equities | GOIGX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.33 | 0.66 | 0.75 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | GOIGX vs GSIYX | |
| PIMCO RAE PLUS International Fund | 0.47 | 0.52 | 0.57 | 95 | Foreign Large Cap Equities | GOIGX vs PTSIX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.56 | 0.61 | 0.68 | 68 | Mid Cap Blend Equities | GOIGX vs JECIX |
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