Looking to diversify beyond GWPCX? The mutual funds below have historically moved differently from GWPCX, 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 GWPCX
0 mutual funds have low correlation with GWPCX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds The Income Fund of America Class A (AMECX) (Diversified Portfolio) with a 1Y correlation of 0.58, down from 0.76 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The Income Fund of America Class A | 0.58 | 0.71 | 0.76 | 81 | Diversified Portfolio, Dividend | GWPCX vs AMECX | |
| Provident Trust Strategy Fund | 0.59 | 0.72 | 0.81 | 51 | Large Cap Growth Equities | GWPCX vs PROVX | |
| Adams Diversified Equity Fund, Inc. | 0.73 | 0.82 | 0.88 | 88 | Large Cap Blend Equities | GWPCX vs ADX | |
| Davis New York Venture Fund Class Y | 0.74 | 0.81 | 0.85 | 91 | Large Cap Growth Equities | GWPCX vs DNVYX | |
| American Growth Fund Series One | 0.76 | 0.81 | 0.85 | 55 | Large Cap Growth Equities | GWPCX vs AMRGX |
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