Looking to diversify beyond GPEOX? The mutual funds below have historically moved differently from GPEOX, 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 GPEOX
2 mutual funds have low correlation with GPEOX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.21, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.21 | 0.41 | 0.51 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | GPEOX vs GSIYX | |
| The Cook & Bynum Fund | 0.25 | 0.37 | 0.42 | 66 | Emerging Markets Equities | GPEOX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.41 | 0.64 | 0.71 | 92 | Emerging Markets Equities | GPEOX vs ESCIX | |
| Delaware Emerging Markets Fund | 0.58 | 0.64 | 0.70 | 91 | Emerging Markets Equities | GPEOX vs DEMIX | |
| Schwab Fundamental Emerging Markets Equity Index F... | 0.59 | 0.68 | 0.69 | 76 | Emerging Markets Equities | GPEOX vs SFENX |
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