Looking to diversify beyond GRZZX? The mutual funds below have the lowest correlation with GRZZX — 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 GRZZX.
Best Diversifiers for GRZZX
3 mutual funds have low correlation with GRZZX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity 500 Index Fund (FXAIX) (S&P 500) with a 1Y correlation of -0.79, roughly unchanged from -0.87 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | -0.79 | -0.82 | -0.87 | 65 | S&P 500 | GRZZX vs FXAIX | |
| Comstock Capital Value Fund | -0.63 | -0.67 | -0.63 | 97 | Inverse Equities | GRZZX vs DRCVX | |
| Leuthold Global Fund | -0.63 | -0.72 | -0.73 | 91 | Global Allocation | GRZZX vs GLBIX |
Diversification Analysis
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