Looking to diversify beyond GPINX? The mutual funds below have the lowest correlation with GPINX — 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 GPINX.
Best Diversifiers for GPINX
1 mutual funds have low correlation with GPINX (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 0.29, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuidepathConservative Income Fund | 0.29 | 0.42 | 0.48 | 99 | Short-Term Bond | GPINX vs GPICX | |
| GuidePath Absolute Return Allocation Fund | 0.36 | 0.73 | 0.77 | 57 | Short-Term Bond | GPINX vs GPARX | |
| Holbrook Income Fund Class I | 0.36 | 0.35 | 0.38 | 98 | Intermediate Core-Plus Bond | GPINX vs HOBIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.46 | 0.23 | 0.18 | 94 | Intermediate Core-Plus Bond | GPINX vs LCTRX | |
| GuidepathGrowth and Income Fund | 0.46 | 0.42 | 0.32 | 57 | Large Cap Value Equities | GPINX vs GPIGX |
See all 13 diversifiers for GPINX
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