Looking to diversify beyond GRIFX? The mutual funds below have historically moved differently from GRIFX, 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 GRIFX
5 mutual funds have low correlation with GRIFX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.20 | — | — | 99 | REIT | GRIFX vs QREARX | |
| Redwood Real Estate Income Fund | 0.02 | — | — | 100 | REIT | GRIFX vs CREMX | |
| T. Rowe Price Equity Index 500 Fund | 0.20 | 0.43 | 0.53 | 62 | Large Cap Blend Equities | GRIFX vs PREIX | |
| JPMorgan Income Fund Class I | 0.28 | 0.34 | 0.33 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | GRIFX vs JMSIX | |
| American Funds American High-Inc F2 | 0.30 | 0.42 | 0.42 | 73 | High Yield Bonds | GRIFX vs AHIFX |
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