Looking to diversify beyond GTLOX? The mutual funds below have the lowest correlation with GTLOX — 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 GTLOX.
Best Diversifiers for GTLOX
3 mutual funds have low correlation with GTLOX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT All Cap Core Fund (QIACX) (Large Cap Blend Equities) with a 1Y correlation of 0.22, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund | 0.22 | 0.56 | 0.75 | 56 | Large Cap Blend Equities | GTLOX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.22 | 0.56 | 0.75 | 56 | Large Cap Blend Equities | GTLOX vs QKACX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.27 | 0.12 | 0.11 | 73 | Large Cap Blend Equities | GTLOX vs SVPFX | |
| Glenmede Quantitative International Equity Portfol... | 0.41 | 0.42 | 0.53 | 69 | Foreign Large Cap Equities | GTLOX vs GTCIX | |
| North Square Preferred and Income Securities Fund | 0.42 | 0.34 | 0.42 | 72 | Large Cap Blend Equities | GTLOX vs ORDNX |
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