Looking to diversify beyond GTRAX? The mutual funds below have the lowest correlation with GTRAX — 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 GTRAX.
Best Diversifiers for GTRAX
2 mutual funds have low correlation with GTRAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.21, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.21 | 0.07 | 0.31 | 100 | Global Bonds | GTRAX vs DFGFX | |
| PGIM Jennison Natural Resources Fund | 0.25 | 0.22 | 0.21 | 65 | Energy Equities | GTRAX vs PGNAX | |
| PGIM Floating Rate Income Fund | 0.30 | 0.17 | 0.22 | 96 | Bank Loan | GTRAX vs FRFZX | |
| PGIM US Real Estate Fund | 0.36 | 0.38 | 0.38 | 57 | REIT | GTRAX vs PJEZX | |
| PGIM Quant Solutions Small-Cap Value Fund | 0.38 | 0.30 | 0.27 | 85 | Small Cap Value Equities | GTRAX vs TASVX |
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