Looking to diversify beyond GTFBX? The mutual funds below have historically moved differently from GTFBX, 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 GTFBX
14 mutual funds have low correlation with GTFBX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.18 | 0.21 | 91 | Municipal Bonds | GTFBX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.21 | 0.23 | 94 | Municipal Bonds | GTFBX vs DMREX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.13 | 0.21 | 0.19 | 99 | Municipal Bonds | GTFBX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.24 | 0.34 | 100 | Municipal Bonds | GTFBX vs DFSMX | |
| T. Rowe Price U.S. Equity Research Fund | 0.17 | 0.15 | 0.12 | 56 | Large Cap Blend Equities | GTFBX vs PRCOX |
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