Looking to diversify beyond GTRFX? The mutual funds below have the lowest correlation with GTRFX — 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 GTRFX.
Best Diversifiers for GTRFX
3 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 -0.07, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.07 | -0.01 | 0.05 | 63 | Long-Short | GTRFX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.05 | 0.01 | 0.05 | 62 | Long-Short | GTRFX vs VMNFX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.25 | 0.16 | 0.12 | 92 | Long-Short | GTRFX vs BDMIX | |
| Knights of Columbus Long/Short Equity Fund | 0.31 | 0.45 | 0.40 | 60 | Long-Short | GTRFX vs KCEIX | |
| AQR Long-Short Equity Fund | 0.35 | 0.38 | 0.38 | 53 | Long-Short | GTRFX vs QLEIX |
See all 19 diversifiers for GTRFX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GTRFX
Add GTRFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GTRFX