Looking to diversify beyond GPARX? The mutual funds below have the lowest correlation with GPARX — 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 GPARX.
Best Diversifiers for GPARX
84 mutual funds have low correlation with GPARX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of -0.02, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | -0.02 | 0.02 | 0.29 | 66 | Short-Term Bond | GPARX vs DFCFX | |
| Leader Short Term High Yield Bond Fund | -0.01 | 0.06 | 0.27 | 75 | Short-Term Bond | GPARX vs LCCMX | |
| Federated Hermes Short-Term Income Fund | 0.06 | 0.47 | 0.55 | 86 | Short-Term Bond | GPARX vs FSTIX | |
| Catalyst Insider Income Fund | 0.08 | 0.28 | 0.40 | 82 | Short-Term Bond | GPARX vs IIXIX | |
| Lord Abbett Short Duration Income Fund | 0.13 | 0.41 | 0.48 | 67 | Short-Term Bond | GPARX vs LALDX |
See all 106 diversifiers for GPARX
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