Looking to diversify beyond GOLDX? The mutual funds below have historically moved differently from GOLDX, 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 GOLDX
12 mutual funds have low correlation with GOLDX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.02, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.02 | 0.14 | 0.24 | 87 | Energy Equities | GOLDX vs FSENX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.00 | 0.16 | 0.25 | 72 | Commodities | GOLDX vs PCLIX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.21 | 0.31 | 91 | Inflation-Protected Bonds | GOLDX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.11 | 0.10 | 0.16 | 95 | Bank Loan | GOLDX vs FFRHX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.11 | 0.29 | 0.35 | 91 | Energy Equities | GOLDX vs VGENX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GOLDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | 0.05 | 0.11 | 66 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.15 | 0.08 | 0.21 | 89 | Energy | |
| Chubb Limited | -0.11 | 0.02 | 0.08 | 89 | Financial Services | |
| The Coca-Cola Company | -0.10 | 0.07 | 0.12 | 90 | Consumer Defensive | |
| ConocoPhillips Company | -0.09 | 0.02 | 0.15 | 72 | Energy |
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