Looking to diversify beyond GOLDX? The mutual funds below have the lowest correlation with GOLDX — 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 GOLDX.
Best Diversifiers for GOLDX
18 mutual funds have low correlation with GOLDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.11, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.11 | 0.11 | 0.17 | 92 | Bank Loan | GOLDX vs FFRHX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.11 | 0.22 | 0.31 | 84 | Inflation-Protected Bonds | GOLDX vs VTAPX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.13 | 0.31 | 0.36 | 61 | Energy Equities | GOLDX vs VGENX | |
| Comstock Capital Value Fund | 0.13 | 0.25 | 0.22 | 97 | Inverse Equities | GOLDX vs DRCVX | |
| Fidelity Select Semiconductors Portfolio | 0.25 | 0.21 | 0.21 | 96 | Semiconductors, Technology Equities | GOLDX vs FSELX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOLDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOLDX and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.10, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.10 | 0.11 | 0.22 | 85 | Energy | |
| Altria Group, Inc. | -0.07 | 0.07 | 0.13 | 72 | Consumer Defensive | |
| ConocoPhillips Company | -0.05 | 0.05 | 0.17 | 65 | Energy | |
| The Coca-Cola Company | -0.05 | 0.08 | 0.14 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.04 | 0.08 | 0.19 | 72 | Energy |
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