Looking to diversify beyond GTRFX? The mutual funds below have historically moved differently from GTRFX, 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 GTRFX
6 mutual funds have low correlation with GTRFX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.09, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.09 | -0.01 | 0.03 | 97 | Long-Short | GTRFX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.07 | -0.01 | 0.03 | 97 | Long-Short | GTRFX vs VMNFX | |
| Federated Hermes MDT Market Neutral A | 0.03 | 0.04 | — | 54 | Long-Short | GTRFX vs QAMNX | |
| Knights of Columbus Long/Short Equity Fund | 0.23 | 0.42 | 0.38 | 96 | Long-Short | GTRFX vs KCEIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.28 | 0.16 | 0.11 | 97 | Equity Market Neutral | GTRFX vs BDMIX |
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