Looking to diversify beyond GRHAX? The mutual funds below have the lowest correlation with GRHAX — 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 GRHAX.
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 0.42, down from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | 0.42 | 0.57 | 0.73 | 76 | Energy Equities | GRHAX vs FSENX | |
| Fidelity Natural Resources Fund | 0.70 | 0.74 | 0.82 | 65 | Energy Equities | GRHAX vs FNARX | |
| Aegis Value Fund | 0.82 | 0.81 | 0.82 | 92 | Small Cap Value Equities | GRHAX vs AVALX | |
| PGIM Jennison Natural Resources R6 | 0.87 | 0.88 | 0.91 | 69 | Natural Resources | GRHAX vs PJNQX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GRHAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GRHAX and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of 0.33, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | 0.33 | 0.41 | 0.44 | 82 | Energy |
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