Looking to diversify beyond GRHIX? The mutual funds below have the lowest correlation with GRHIX — 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 GRHIX.
Best Diversifiers for GRHIX
2 mutual funds have low correlation with GRHIX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco SteelPath MLP Income Fund (MLPZX) (Energy Equities) with a 1Y correlation of 0.27, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco SteelPath MLP Income Fund | 0.27 | 0.47 | 0.64 | 60 | Energy Equities | GRHIX vs MLPZX | |
| Mondrian Global Listed Infrastructure Fund | 0.29 | 0.38 | 0.44 | 68 | Energy Equities | GRHIX vs MGIFX | |
| Eagle MLP Strategy Fund | 0.32 | 0.53 | 0.70 | 53 | Energy Equities | GRHIX vs EGLIX | |
| Virtus Duff & Phelps Select MLP and Energy Fund | 0.33 | 0.55 | 0.71 | 51 | Energy Equities | GRHIX vs VLPIX | |
| Invesco SteelPath MLP Select 40 Fund | 0.34 | 0.54 | 0.69 | 61 | Energy Equities | GRHIX vs MLPTX |
See all 45 diversifiers for GRHIX
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