Looking to diversify beyond GWOAX? The mutual funds below have historically moved differently from GWOAX, 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 GWOAX
4 mutual funds have low correlation with GWOAX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.01, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.01 | 0.05 | 0.03 | 99 | Government Bonds | GWOAX vs GUSTX | |
| GMO Multi-Sector Fixed Income Fund | 0.13 | 0.23 | 0.19 | 90 | Intermediate Core-Plus Bond | GWOAX vs GUGAX | |
| GMO Alternative Allocation Fund | 0.16 | 0.36 | 0.37 | 89 | Multistrategy | GWOAX vs GAAVX | |
| GQG Partners Global Quality Dividend Income Fund | 0.29 | 0.59 | 0.69 | 70 | Quality Factor, Global Equities | GWOAX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.38 | 0.52 | 0.61 | 79 | Infrastructure Equities, Global Equities | GWOAX vs CSUAX |
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