Looking to diversify beyond GPICX? The mutual funds below have historically moved differently from GPICX, 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 GPICX
88 mutual funds have low correlation with GPICX (below 0.3), 0 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 0.00, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.00 | 0.07 | 0.21 | 77 | Short-Term Bond | GPICX vs LCCMX | |
| Federated Hermes Short-Term Income Fund | 0.03 | 0.24 | 0.37 | 87 | Short-Term Bond | GPICX vs FSTIX | |
| DFA Two-Year Fixed Income Portfolio | 0.04 | -0.00 | 0.27 | 100 | Short-Term Bond | GPICX vs DFCFX | |
| T. Rowe Price Short-Term Bond Fund | 0.07 | 0.20 | 0.34 | 91 | Short-Term Bond | GPICX vs PRWBX | |
| CM Advisors Fixed Income Fund | 0.10 | 0.19 | 0.23 | 61 | Short-Term Bond | GPICX vs CMFIX |
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