Looking to diversify beyond GPICX? The mutual funds below have the lowest correlation with GPICX — 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 GPICX.
Best Diversifiers for GPICX
67 mutual funds have low correlation with GPICX (below 0.3), 1 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of -0.02, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | -0.02 | 0.06 | 0.21 | 75 | Short-Term Bond | GPICX vs LCCMX | |
| Federated Hermes Short-Term Income Fund | 0.02 | 0.30 | 0.37 | 86 | Short-Term Bond | GPICX vs FSTIX | |
| DFA Two-Year Fixed Income Portfolio | 0.03 | 0.01 | 0.28 | 66 | Short-Term Bond | GPICX vs DFCFX | |
| T. Rowe Price Short-Term Bond Fund | 0.04 | 0.25 | 0.34 | 89 | Short-Term Bond | GPICX vs PRWBX | |
| Janus Henderson Short Duration Flexible Bond Fund | 0.14 | 0.30 | 0.35 | 68 | Short-Term Bond | GPICX vs JNSTX |
See all 106 diversifiers for GPICX
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