Looking to diversify beyond GTSGX? The mutual funds below have the lowest correlation with GTSGX — 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 GTSGX.
Best Diversifiers for GTSGX
2 mutual funds have low correlation with GTSGX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Virginia Tax Free Bond Fund (PRVAX) (Municipal Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Virginia Tax Free Bond Fund | 0.14 | 0.10 | 0.08 | 85 | Municipal Bonds | GTSGX vs PRVAX | |
| Madison Tax-Free National Fund | 0.19 | 0.12 | 0.09 | 76 | Municipal Bonds | GTSGX vs GTFHX | |
| Permanent Portfolio Versatile Bond Portfolio | 0.34 | 0.32 | 0.28 | 85 | Short-Term Bond | GTSGX vs PRVBX | |
| Natixis Funds Trust II Vaughan Nelson Mid Cap Fund | 0.51 | 0.66 | 0.77 | 71 | Mid Cap Blend Equities | GTSGX vs VNVYX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.59 | 0.74 | 0.83 | 63 | Mid Cap Blend Equities | GTSGX vs JECIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GTSGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GTSGX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.15, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.15 | 0.31 | 0.47 | 78 | Technology | |
| Oracle Corporation | 0.18 | 0.39 | 0.47 | 58 | Technology | |
| Broadcom Inc. | 0.19 | 0.34 | 0.45 | 84 | Technology | |
| Alphabet Inc. Class A | 0.24 | 0.27 | 0.41 | 96 | Communication Services | |
| Amazon.com, Inc | 0.24 | 0.33 | 0.43 | 60 | Consumer Cyclical |
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