Looking to diversify beyond GTFHX? The mutual funds below have historically moved differently from GTFHX, 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 GTFHX
11 mutual funds have low correlation with GTFHX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.12 | 0.12 | 0.10 | 99 | Municipal Bonds | GTFHX vs TFCYX | |
| Madison Dividend Income Fund | 0.13 | 0.11 | 0.10 | 56 | Large Cap Value Equities | GTFHX vs BHBFX | |
| abrdn Ultra Short Municipal Income Fund | 0.18 | 0.10 | 0.15 | 100 | Municipal Bonds | GTFHX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 0.18 | 0.11 | 0.09 | 99 | Municipal Bonds | GTFHX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.28 | 0.39 | 100 | Municipal Bonds | GTFHX vs DFSMX |
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