Looking to diversify beyond GTSAX? The mutual funds below have historically moved differently from GTSAX, 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 GTSAX
0 mutual funds have low correlation with GTSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Comstock Fund (ACSTX) (Large Cap Value Equities) with a 1Y correlation of 0.61, down from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Comstock Fund | 0.61 | 0.71 | 0.72 | 87 | Large Cap Value Equities | GTSAX vs ACSTX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | 0.63 | 0.77 | 0.82 | 69 | Large Cap Blend Equities | GTSAX vs VADAX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.63 | 0.77 | 0.82 | 71 | S&P 500 | GTSAX vs VADDX | |
| Invesco Equity and Income Fund | 0.73 | 0.79 | 0.80 | 82 | Diversified Portfolio | GTSAX vs ACEIX | |
| North Square Spectrum Alpha Fund | 0.82 | 0.88 | 0.91 | 84 | Small Cap Growth Equities | GTSAX vs ORIGX |
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