Looking to diversify beyond GPARX? The mutual funds below have historically moved differently from GPARX, 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 GPARX
95 mutual funds have low correlation with GPARX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.01, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.01 | 0.02 | 0.28 | 100 | Short-Term Bond | GPARX vs DFCFX | |
| PIMCO Low Duration Fund | 0.03 | 0.42 | 0.51 | 53 | Short-Term Bond | GPARX vs PTLDX | |
| Lord Abbett Short Duration Income Fund | 0.04 | 0.35 | 0.46 | 70 | Short-Term Bond | GPARX vs LALDX | |
| JPMorgan Short Duration Bond Fund Class C | 0.05 | 0.49 | 0.59 | 58 | Short-Term Bond | GPARX vs OSTCX | |
| Federated Hermes Short-Term Income Fund | 0.06 | 0.42 | 0.53 | 87 | Short-Term Bond | GPARX vs FSTIX |
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