Looking to diversify beyond GQJPX? The mutual funds below have historically moved differently from GQJPX, 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 GQJPX
0 mutual funds have low correlation with GQJPX (below 0.3), 0 of which are negatively correlated. The least correlated is Shelton International Select Equity Fund (SISEX) (Foreign Large Cap Equities) with a 1Y correlation of 0.32, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Shelton International Select Equity Fund | 0.32 | 0.54 | 0.61 | 64 | Foreign Large Cap Equities | GQJPX vs SISEX | |
| Thornburg Global Opportunities Fund | 0.36 | 0.59 | 0.66 | 92 | Foreign Large Cap Equities | GQJPX vs THOIX | |
| Putnam Focused International Equity Fund | 0.37 | 0.59 | 0.65 | 73 | Foreign Large Cap Equities | GQJPX vs PEQUX | |
| GMO Quality Fund | 0.37 | 0.50 | 0.54 | 53 | Quality Factor, Large Cap Blend Equities | GQJPX vs GQETX | |
| GMO Quality Fund Class IV | 0.38 | 0.50 | 0.54 | 52 | Quality Factor, Large Cap Blend Equities | GQJPX vs GQEFX |
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