Looking to diversify beyond GTAPX? The mutual funds below have historically moved differently from GTAPX, 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 GTAPX
7 mutual funds have low correlation with GTAPX (below 0.3), 0 of which are negatively correlated. The least correlated is Glenmede Quantitative International Equity Portfolio (GTCIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.17, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Glenmede Quantitative International Equity Portfol... | 0.17 | 0.20 | 0.31 | 92 | Foreign Large Cap Equities | GTAPX vs GTCIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.20 | — | — | 94 | Long-Short | GTAPX vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.21 | 0.18 | 0.18 | 94 | Long-Short | GTAPX vs JAKVX | |
| Guggenheim Alpha Opportunity Fund | 0.24 | 0.36 | 0.46 | 82 | Long-Short | GTAPX vs SAOAX | |
| AQR Long-Short Equity Fund Class N | 0.25 | 0.39 | 0.49 | 74 | Long-Short, Actively Managed | GTAPX vs QLENX |
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