Looking to diversify beyond GWMIX? The mutual funds below have the lowest correlation with GWMIX — 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 GWMIX.
Best Diversifiers for GWMIX
11 mutual funds have low correlation with GWMIX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.04, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.19 | 0.22 | 95 | Municipal Bonds | GWMIX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.21 | 0.24 | 94 | Municipal Bonds | GWMIX vs DMREX | |
| Federated Hermes Conservative Municipal Microshort... | 0.10 | 0.13 | 0.10 | 99 | Municipal Bonds | GWMIX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.14 | 0.11 | 0.10 | 99 | Municipal Bonds | GWMIX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | 0.16 | 0.12 | 0.15 | 99 | Municipal Bonds | GWMIX vs ATOIX |
See all 23 diversifiers for GWMIX
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