Looking to diversify beyond GPMCX? The mutual funds below have historically moved differently from GPMCX, 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 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 0.44, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Oberweis Micro Cap Fund | 0.44 | 0.54 | 0.57 | 79 | Small Cap Growth Equities | GPMCX vs OBMCX | |
| Kopernik Global All-Cap Fund | 0.52 | 0.49 | 0.56 | 66 | Foreign Small & Mid Cap Equities | GPMCX vs KGGIX | |
| AMG Yacktman Special Opportunities Fund | 0.53 | 0.59 | 0.65 | 55 | Foreign Small & Mid Cap Equities | GPMCX vs YASLX | |
| Kopernik Global All-Cap Fund Class A | 0.54 | 0.49 | 0.56 | 65 | Foreign Small & Mid Cap Equities | GPMCX vs KGGAX | |
| Hood River International Opportunity Fund Investor... | 0.55 | — | — | 73 | Foreign Small & Mid Cap Equities | GPMCX vs HRIIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GPMCX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Intel Corporation (INTC) (Technology) with a 1Y correlation of 0.22, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Intel Corporation | 0.22 | 0.29 | 0.36 | 98 | Technology |
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