Looking to diversify beyond GPIFX? The mutual funds below have historically moved differently from GPIFX, 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 GPIFX
2 mutual funds have low correlation with GPIFX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.05, roughly unchanged from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.05 | 0.00 | -0.08 | 85 | Tactical Allocation | GPIFX vs PBAIX | |
| Quantified Evolution Plus Fund | 0.25 | 0.32 | 0.22 | 84 | Tactical Allocation | GPIFX vs QEVOX | |
| Donoghue Forlines Dividend Fund | 0.32 | 0.38 | 0.38 | 91 | Tactical Allocation | GPIFX vs PWDIX | |
| AQR Diversifying Strategies Fund Class N | 0.33 | 0.23 | -0.00 | 92 | Tactical Allocation | GPIFX vs QDSNX | |
| Timothy Plan Defensive Strategies Fund Class I | 0.35 | 0.38 | 0.45 | 70 | Tactical Allocation | GPIFX vs TPDIX |
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