Looking to diversify beyond GPIGX? The mutual funds below have the lowest correlation with GPIGX — 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 GPIGX.
Best Diversifiers for GPIGX
1 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 0.20, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuidepathConservative Income Fund | 0.20 | 0.27 | 0.28 | 99 | Short-Term Bond | GPIGX vs GPICX | |
| GuidePath Absolute Return Allocation Fund | 0.38 | 0.38 | 0.38 | 57 | Short-Term Bond | GPIGX vs GPARX | |
| Rational Equity Armor Fund | 0.50 | 0.69 | 0.75 | 55 | Large Cap Value Equities | GPIGX vs HDCTX | |
| GuidePath Flexible Income Allocation Fund | 0.51 | 0.47 | 0.42 | 87 | Tactical Allocation | GPIGX vs GPIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.63 | 0.58 | 0.70 | 78 | Large Cap Value Equities | GPIGX vs SVAIX |
See all 32 diversifiers for GPIGX
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