Looking to diversify beyond GTSGX? The mutual funds below have historically moved differently from GTSGX, 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 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 0.22, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Virginia Tax Free Bond Fund | 0.22 | 0.11 | 0.09 | 86 | Municipal Bonds | GTSGX vs PRVAX | |
| Madison Tax-Free National Fund | 0.28 | 0.13 | 0.10 | 67 | Municipal Bonds | GTSGX vs GTFHX | |
| Permanent Portfolio Versatile Bond Portfolio | 0.38 | 0.33 | 0.29 | 71 | Short-Term Bond | GTSGX vs PRVBX | |
| Fidelity SAI Small-Mid Cap 500 Index Fund | 0.52 | 0.76 | 0.84 | 64 | Mid Cap Blend Equities | GTSGX vs FZFLX | |
| Tarkio Fund | 0.53 | 0.69 | 0.78 | 53 | Mid Cap Blend Equities | GTSGX vs TARKX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GTSGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.11, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.11 | 0.12 | 0.24 | 68 | Energy | |
| NVIDIA Corporation | 0.12 | 0.29 | 0.46 | 61 | Technology | |
| McKesson Corporation | 0.15 | 0.15 | 0.22 | 62 | Healthcare | |
| Broadcom Inc. | 0.17 | 0.35 | 0.48 | 68 | Technology | |
| CrowdStrike Holdings, Inc. | 0.27 | 0.37 | 0.45 | 83 | Technology |
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