Looking to diversify beyond GPMCX? The mutual funds below have the lowest correlation with GPMCX — 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 GPMCX.
Best Diversifiers for GPMCX
0 mutual funds have low correlation with GPMCX (below 0.3), 0 of which are negatively correlated. The least correlated is Oberweis Micro Cap Fund (OBMCX) (Small Cap Growth Equities) with a 1Y correlation of 0.45, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Oberweis Micro Cap Fund | 0.45 | 0.55 | 0.58 | 91 | Small Cap Growth Equities | GPMCX vs OBMCX | |
| Wasatch Micro Cap Value Fund | 0.56 | 0.62 | 0.66 | 52 | Small Cap Growth Equities | GPMCX vs WAMVX | |
| Hood River International Opportunity Fund Investor... | 0.57 | — | — | 95 | Foreign Small & Mid Cap Equities | GPMCX vs HRIIX | |
| Hood River International Opportunity Fund | 0.57 | 0.60 | — | 95 | Foreign Small & Mid Cap Equities | GPMCX vs HRIOX | |
| Dodge & Cox Emerging Markets Stock Fund | 0.59 | 0.60 | 0.62 | 92 | Emerging Markets Diversified | GPMCX vs DODEX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GPMCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GPMCX and solid risk/return profiles. The least correlated is Intel Corporation (INTC) (Technology) with a 1Y correlation of 0.23, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Intel Corporation | 0.23 | 0.30 | 0.37 | 99 | Technology |
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