Looking to diversify beyond GWPAX? The mutual funds below have historically moved differently from GWPAX, 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 GWPAX
9 mutual funds have low correlation with GWPAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.31, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.31 | -0.13 | 0.00 | 83 | Diversified Portfolio | GWPAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.15 | 0.50 | 68 | Diversified Portfolio | GWPAX vs MHELX | |
| DWS RREEF Real Assets Fund - Class A | 0.26 | 0.47 | 0.58 | 74 | Diversified Portfolio | GWPAX vs AAAAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.27 | 0.44 | 0.52 | 88 | Diversified Portfolio | GWPAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.44 | 0.52 | 91 | Diversified Portfolio | GWPAX vs FIQDX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GWPAX, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.36, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.36 | -0.10 | 0.04 | 66 | Consumer Defensive |
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