Looking to diversify beyond GPMIX? The mutual funds below have historically moved differently from GPMIX, 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 GPMIX
2 mutual funds have low correlation with GPMIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.13 | 0.45 | 66 | Diversified Portfolio | GPMIX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.05 | 0.19 | 0.26 | 83 | Diversified Portfolio | GPMIX vs SIFAX | |
| GuidepathConservative Income Fund | 0.32 | 0.33 | 0.38 | 99 | Short-Term Bond | GPMIX vs GPICX | |
| GuidePath Absolute Return Allocation Fund | 0.42 | 0.52 | 0.55 | 69 | Short-Term Bond | GPMIX vs GPARX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.44 | 0.43 | 0.47 | 99 | Diversified Portfolio | GPMIX vs STDAX |
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