Looking to diversify beyond GWMEX? The mutual funds below have historically moved differently from GWMEX, 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 GWMEX
3 mutual funds have low correlation with GWMEX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG Yacktman Focused Fund (YAFFX) (Large Cap Value Equities) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Focused Fund | 0.08 | 0.10 | 0.08 | 91 | Large Cap Value Equities | GWMEX vs YAFFX | |
| AMG Yacktman Fund | 0.14 | 0.10 | 0.07 | 92 | Large Cap Value Equities | GWMEX vs YACKX | |
| AMG Boston Common Global Impact Fund | 0.26 | 0.21 | 0.20 | 54 | Large Cap Growth Equities | GWMEX vs BRWIX | |
| First Eagle Short Duration High Yield Municipal Fu... | 0.57 | — | — | 63 | High Yield Muni | GWMEX vs FDUAX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.61 | 0.68 | 0.66 | 88 | High Yield Muni | GWMEX vs NVHIX |
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