Looking to diversify beyond GPPIX? The mutual funds below have historically moved differently from GPPIX, 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 GPPIX
20 mutual funds have low correlation with GPPIX (below 0.3), 1 of which are negatively correlated. The least correlated is Tactical Multi-Purpose Fund (TMPFX) (Ultrashort Bond) with a 1Y correlation of -0.01, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | -0.01 | 0.00 | -0.02 | 100 | Ultrashort Bond | GPPIX vs TMPFX | |
| DFA One Year Fixed Income Portfolio | 0.01 | -0.03 | 0.08 | 100 | Ultrashort Bond | GPPIX vs DFIHX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.03 | 0.12 | 0.12 | 100 | Ultrashort Bond | GPPIX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.05 | 0.14 | 0.06 | 99 | Ultrashort Bond | GPPIX vs TSDUX | |
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.05 | 0.06 | 0.06 | 77 | Large Cap Blend Equities | GPPIX vs GSPKX |
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