Looking to diversify beyond GPAFX? The mutual funds below have the lowest correlation with GPAFX — 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 GPAFX.
Best Diversifiers for GPAFX
2 mutual funds have low correlation with GPAFX (below 0.3), 0 of which are negatively correlated. The least correlated is Victory Pioneer Cat Bond Fund Class Y (CBYYX) (Nontraditional Bonds) with a 1Y correlation of 0.01, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 0.01 | -0.00 | -0.00 | 100 | Nontraditional Bonds | GPAFX vs CBYYX | |
| Federated Hermes Equity Income Fund | 0.22 | 0.57 | 0.77 | 53 | Large Cap Value Equities | GPAFX vs LEIFX | |
| Victory Global Energy Transition Fund | 0.38 | 0.47 | 0.57 | 97 | Energy Equities | GPAFX vs RSNRX | |
| Voya Corporate Leaders Trust Fund | 0.38 | 0.60 | 0.71 | 53 | Large Cap Value Equities | GPAFX vs LEXCX | |
| USAA High Income Fund | 0.45 | 0.43 | 0.48 | 79 | High Yield Bonds | GPAFX vs USHYX |
See all 35 diversifiers for GPAFX
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