Looking to diversify beyond GOIIX? The mutual funds below have historically moved differently from GOIIX, 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 GOIIX
1 mutual funds have low correlation with GOIIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.00, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.00 | 0.25 | 0.18 | 85 | Tactical Allocation | GOIIX vs PBAIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.39 | 0.63 | 0.71 | 61 | Foreign Large Cap Equities | GOIIX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.39 | 0.63 | 0.71 | 61 | Foreign Large Cap Equities | GOIIX vs GSINX | |
| Donoghue Forlines Dividend Fund | 0.42 | 0.61 | 0.72 | 91 | Tactical Allocation | GOIIX vs PWDIX | |
| Quantified Evolution Plus Fund | 0.44 | 0.53 | 0.40 | 84 | Tactical Allocation | GOIIX vs QEVOX |
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