Looking to diversify beyond GPIGX? The mutual funds below have historically moved differently from GPIGX, 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 GPIGX
2 mutual funds have low correlation with GPIGX (below 0.3), 0 of which are negatively correlated. The least correlated is GuidepathConservative Income Fund (GPICX) (Short-Term Bond) with a 1Y correlation of 0.21, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuidepathConservative Income Fund | 0.21 | 0.25 | 0.28 | 99 | Short-Term Bond | GPIGX vs GPICX | |
| GuidePath Absolute Return Allocation Fund | 0.28 | 0.34 | 0.37 | 69 | Short-Term Bond | GPIGX vs GPARX | |
| AMG Yacktman Focused Fund | 0.35 | 0.63 | 0.73 | 89 | Large Cap Value Equities | GPIGX vs YAFFX | |
| Voya Corporate Leaders Trust Fund | 0.40 | 0.56 | 0.67 | 93 | Large Cap Value Equities | GPIGX vs LEXCX | |
| GuidePath Flexible Income Allocation Fund | 0.44 | 0.45 | 0.42 | 86 | Tactical Allocation | GPIGX vs GPIFX |
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