Looking to diversify beyond GRSPX? The mutual funds below have historically moved differently from GRSPX, 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 GRSPX
17 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 -0.16, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.16 | 0.00 | 0.12 | 83 | Diversified Portfolio | GRSPX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.18 | 0.49 | 66 | Diversified Portfolio | GRSPX vs MHELX | |
| Hennessy Total Return Fund | 0.12 | 0.41 | 0.56 | 69 | Diversified Portfolio | GRSPX vs HDOGX | |
| Hennessy Balanced Fund | 0.17 | 0.43 | 0.57 | 89 | Diversified Portfolio | GRSPX vs HBFBX | |
| Crawford Multi-Asset Income Fund | 0.23 | 0.46 | 0.62 | 66 | Diversified Portfolio | GRSPX vs CMALX |
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