Looking to diversify beyond GTDDX? The mutual funds below have historically moved differently from GTDDX, 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 GTDDX
2 mutual funds have low correlation with GTDDX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.24, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.24 | 0.48 | 0.58 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | GTDDX vs GSIYX | |
| The Cook & Bynum Fund | 0.26 | 0.38 | 0.46 | 70 | Emerging Markets Equities | GTDDX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.42 | 0.61 | 0.68 | 91 | Emerging Markets Equities | GTDDX vs ESCIX | |
| Invesco Comstock Fund | 0.43 | 0.47 | 0.54 | 84 | Large Cap Value Equities | GTDDX vs ACSTX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.50 | 0.52 | 0.57 | 65 | Large Cap Blend Equities | GTDDX vs VADAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GTDDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.12, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.12 | 0.09 | 0.22 | 78 | Energy |
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