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Greenspring Fund (GRSPX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund invests in stocks its investment adviser believes are undervalued at the time of purchase and fixed income investments, including corporate, convertible, and high yield bonds (sometimes referred to as below investment grade bonds or "junk bonds"), that have the potential to provide income, capital appreciation or a combination of both. It invests primarily in securities of U.S. issuers.

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

7 mutual funds have low correlation with GRSPX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.08, down from 0.51 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.080.210.51
67
Diversified PortfolioGRSPX vs MHELX
HBFBX
Hennessy Balanced Fund0.270.470.59
65
Diversified PortfolioGRSPX vs HBFBX
CAPAX
Federated Hermes Capital Income Fund0.270.540.70
83
Diversified PortfolioGRSPX vs CAPAX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.290.480.56
88
Diversified PortfolioGRSPX vs FIQDX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.290.490.57
82
Diversified PortfolioGRSPX vs FCSRX
See all 377 diversifiers for GRSPX

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Diversification Analysis

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