Looking to diversify beyond GRHAX? The mutual funds below have historically moved differently from GRHAX, 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 GRHAX
0 mutual funds have low correlation with GRHAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of 0.45, down from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | 0.45 | 0.57 | 0.72 | 88 | Energy Equities | GRHAX vs FSENX | |
| Blackrock Resources & Commodities Strategy Trust | 0.64 | 0.64 | 0.72 | 53 | Natural Resources | GRHAX vs BCX | |
| Fidelity Natural Resources Fund | 0.71 | 0.74 | 0.82 | 83 | Energy Equities | GRHAX vs FNARX | |
| Aegis Value Fund Class I | 0.84 | 0.81 | 0.82 | 95 | Small Cap Value Equities | GRHAX vs AVALX | |
| PGIM Jennison Natural Resources R6 | 0.88 | 0.88 | 0.91 | 72 | Natural Resources | GRHAX vs PJNQX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GRHAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of 0.37, roughly unchanged from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | 0.37 | 0.42 | 0.44 | 82 | Energy |
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