Looking to diversify beyond GRSPX? The mutual funds below have the lowest correlation with GRSPX — 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 GRSPX.
Best Diversifiers for GRSPX
12 mutual funds have low correlation with GRSPX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.14, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.14 | 0.02 | 0.13 | 60 | Diversified Portfolio | GRSPX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.19 | 0.50 | 67 | Diversified Portfolio | GRSPX vs MHELX | |
| Hennessy Balanced Fund | 0.19 | 0.44 | 0.58 | 79 | Diversified Portfolio | GRSPX vs HBFBX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.27 | 0.47 | 0.56 | 86 | Diversified Portfolio | GRSPX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.27 | 0.46 | 0.55 | 91 | Diversified Portfolio | GRSPX vs FIQDX |
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