Looking to diversify beyond GPIFX? The mutual funds below have the lowest correlation with GPIFX — 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 GPIFX.
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 -0.09, roughly unchanged from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.09 | -0.03 | -0.10 | 75 | Tactical Allocation | GPIFX vs PBAIX | |
| Quantified Evolution Plus Fund | 0.22 | 0.31 | 0.21 | 80 | Tactical Allocation | GPIFX vs QEVOX | |
| AQR Diversifying Strategies Fund Class N | 0.34 | 0.22 | -0.01 | 88 | Tactical Allocation | GPIFX vs QDSNX | |
| GuidepathConservative Income Fund | 0.36 | 0.38 | 0.43 | 99 | Short-Term Bond | GPIFX vs GPICX | |
| Donoghue Forlines Dividend Fund | 0.41 | 0.41 | 0.39 | 71 | Tactical Allocation | GPIFX vs PWDIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GPIFX
Add GPIFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GPIFX