Looking to diversify beyond GPMIX? The mutual funds below have the lowest correlation with GPMIX — 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 GPMIX.
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 0.01, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.15 | 0.46 | 67 | Diversified Portfolio | GPMIX vs MHELX | |
| GuidepathConservative Income Fund | 0.28 | 0.34 | 0.37 | 99 | Short-Term Bond | GPMIX vs GPICX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.47 | 0.44 | 0.48 | 99 | Diversified Portfolio | GPMIX vs STDAX | |
| GuidePath Absolute Return Allocation Fund | 0.48 | 0.55 | 0.56 | 57 | Short-Term Bond | GPMIX vs GPARX | |
| Standpoint Multi-Asset Fund Institutional | 0.53 | 0.53 | 0.52 | 81 | Diversified Portfolio | GPMIX vs BLNDX |
See all 31 diversifiers for GPMIX
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Diversification Analysis
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