Looking to diversify beyond GWPAX? The mutual funds below have the lowest correlation with GWPAX — 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 GWPAX.
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 -0.28, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.28 | -0.09 | 0.03 | 73 | Diversified Portfolio | GWPAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.20 | 0.53 | 64 | Diversified Portfolio | GWPAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.25 | 0.46 | 0.53 | 95 | Diversified Portfolio | GWPAX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.25 | 0.46 | 0.54 | 96 | Diversified Portfolio | GWPAX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.26 | 0.46 | 0.53 | 96 | Diversified Portfolio | GWPAX vs FSIRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GWPAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GWPAX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.27, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.27 | -0.04 | 0.08 | 69 | Consumer Defensive |
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