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 Cohen & Steers Global Infrastructure Fund, Inc. (CSUIX) (Energy Equities) with a 1Y correlation of 0.29, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund, Inc. | 0.29 | 0.37 | 0.45 | 58 | Energy Equities | GRHIX vs CSUIX | |
| JHancock Infrastructure Fund | 0.30 | 0.39 | 0.46 | 51 | Energy Equities | GRHIX vs JEEIX | |
| Invesco SteelPath MLP Income Fund | 0.30 | 0.47 | 0.64 | 57 | Energy Equities | GRHIX vs MLPZX | |
| Eagle MLP Strategy Fund | 0.32 | 0.52 | 0.70 | 63 | Energy Equities | GRHIX vs EGLIX | |
| Tortoise MLP & Pipeline Fund | 0.33 | 0.52 | 0.69 | 50 | Energy Equities | GRHIX vs TORIX |
See all 41 diversifiers for GRHIX
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