Looking to diversify beyond GPTCX? The mutual funds below have the lowest correlation with GPTCX — 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 GPTCX.
Best Diversifiers for GPTCX
2 mutual funds have low correlation with GPTCX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.05, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.05 | 0.12 | 0.21 | 58 | Diversified Portfolio | GPTCX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.15 | 0.44 | 69 | Diversified Portfolio | GPTCX vs MHELX | |
| Concorde Wealth Management Fund | 0.49 | 0.66 | 0.71 | 71 | Diversified Portfolio | GPTCX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.50 | 0.66 | 0.68 | 83 | Diversified Portfolio | GPTCX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.51 | 0.66 | 0.67 | 79 | Diversified Portfolio | GPTCX vs FCSRX |
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