Looking to diversify beyond GSXIX? The mutual funds below have the lowest correlation with GSXIX — 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 GSXIX.
Best Diversifiers for GSXIX
1 mutual funds have low correlation with GSXIX (below 0.3), 1 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of -0.09, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | -0.09 | -0.03 | -0.01 | 99 | Municipal Bonds | GSXIX vs ATOIX | |
| Abrdn Global Infrastructure Income Fund | 0.31 | 0.36 | 0.47 | 52 | Industrials Equities | GSXIX vs ASGI | |
| abrdn Global Absolute Return Strategies Fund | 0.34 | 0.28 | 0.09 | 56 | Macro Trading | GSXIX vs CGFIX | |
| abrdn World Healthcare Fund | 0.35 | 0.43 | 0.47 | 86 | Health & Biotech Equities | GSXIX vs THW | |
| abrdn Realty Income & Growth Fund | 0.41 | 0.55 | 0.62 | 70 | REIT | GSXIX vs AIGYX |
See all 21 diversifiers for GSXIX
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