Looking to diversify beyond GWMEX? The mutual funds below have the lowest correlation with GWMEX — 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 GWMEX.
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 0.11, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Focused Fund | 0.11 | 0.11 | 0.08 | 86 | Large Cap Value Equities | GWMEX vs YAFFX | |
| AMG Yacktman Fund | 0.15 | 0.12 | 0.07 | 86 | 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 | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.61 | 0.67 | 0.66 | 77 | High Yield Muni | GWMEX vs NVHIX | |
| abrdn Short Duration High Yield Municipal Fund | 0.62 | 0.71 | 0.73 | 73 | High Yield Muni | GWMEX vs AHYMX |
See all 29 diversifiers for GWMEX
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