Looking to diversify beyond GRZZX? The mutual funds below have historically moved differently from GRZZX, 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 GRZZX
4 mutual funds have low correlation with GRZZX (below 0.3), 4 of which are negatively correlated. The least correlated is Fidelity 500 Index Fund (FXAIX) (S&P 500) with a 1Y correlation of -0.75, up from -0.87 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | -0.75 | -0.81 | -0.87 | 75 | S&P 500 | GRZZX vs FXAIX | |
| Leuthold Core Investment Fund | -0.61 | -0.72 | -0.74 | 59 | Tactical Allocation | GRZZX vs LCORX | |
| Comstock Capital Value Fund | -0.60 | -0.66 | -0.63 | 97 | Inverse Equities | GRZZX vs DRCVX | |
| Leuthold Global Fund | -0.54 | -0.68 | -0.71 | 84 | Global Allocation | GRZZX vs GLBIX |
Diversification Analysis
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