Looking to diversify beyond GOPIX? The mutual funds below have historically moved differently from GOPIX, 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 GOPIX
22 mutual funds have low correlation with GOPIX (below 0.3), 0 of which are negatively correlated. The least correlated is abrdn Realty Income & Growth Fund (AIGYX) (REIT) with a 1Y correlation of 0.01, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Realty Income & Growth Fund | 0.01 | 0.09 | 0.15 | 82 | REIT | GOPIX vs AIGYX | |
| Abrdn Healthcare Opportunities Fund | 0.03 | 0.08 | 0.16 | 59 | Health & Biotech Equities | GOPIX vs THQ | |
| abrdn Emerging Markets ex-China Fund | 0.04 | 0.18 | 0.31 | 80 | Emerging Markets Equities | GOPIX vs GLLSX | |
| abrdn Global Infrastructure Fund | 0.07 | 0.18 | 0.28 | 82 | Infrastructure Equities, Energy Equities | GOPIX vs AIFRX | |
| Columbia Seligman Premium Technology Growth Fund | 0.07 | 0.13 | 0.23 | 88 | Technology Equities, Options Trading, Actively Managed | GOPIX vs STK |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GOPIX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.08, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.08 | 0.08 | 0.15 | 61 | Financial Services |
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