Looking to diversify beyond GWPFX? The mutual funds below have historically moved differently from GWPFX, 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 GWPFX
3 mutual funds have low correlation with GWPFX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of -0.02, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | -0.02 | 0.39 | 0.52 | 63 | Quality Factor, Global Equities | GWPFX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.14 | 0.31 | 0.48 | 66 | Infrastructure Equities, Global Equities | GWPFX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.23 | 0.39 | 0.55 | 52 | Infrastructure Equities, Global Equities | GWPFX vs FGIAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.42 | 0.39 | 0.42 | 95 | Multistrategy, Systematic Trend, Global Equities | GWPFX vs MBXIX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.42 | 0.39 | 0.42 | 95 | Multistrategy, Systematic Trend, Global Equities | GWPFX vs MBXAX |
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