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 -0.08, 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 | -0.08 | -0.03 | -0.01 | 99 | Municipal Bonds | GSXIX vs ATOIX | |
| abrdn Emerging Markets Fund | 0.49 | 0.54 | 0.58 | 91 | Emerging Markets Diversified | GSXIX vs ABEMX | |
| abrdn Emerging Markets ex-China Fund | 0.49 | 0.58 | 0.66 | 96 | Emerging Markets Diversified | GSXIX vs GLLSX | |
| Columbia Seligman Premium Technology Growth Closed... | 0.50 | 0.57 | 0.67 | 98 | Technology Equities | GSXIX vs STK | |
| abrdn Dynamic Dividend Fund | 0.70 | 0.75 | 0.80 | 78 | Global Equities | GSXIX vs ADVDX |
See all 13 diversifiers for GSXIX
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