Looking to diversify beyond GXXIX? The mutual funds below have the lowest correlation with GXXIX — 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 GXXIX.
Best Diversifiers for GXXIX
2 mutual funds have low correlation with GXXIX (below 0.3), 1 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of -0.02, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | -0.02 | -0.00 | -0.01 | 99 | Municipal Bonds | GXXIX vs ATOIX | |
| abrdn Short Duration High Yield Municipal Fund | 0.19 | 0.14 | 0.12 | 57 | High Yield Muni | GXXIX vs AHYMX | |
| abrdn Global Absolute Return Strategies Fund | 0.39 | 0.24 | 0.06 | 53 | Macro Trading | GXXIX vs CGFIX | |
| abrdn Global Infrastructure Fund | 0.44 | 0.48 | 0.62 | 64 | Energy Equities | GXXIX vs AIFRX | |
| abrdn World Healthcare Fund | 0.45 | 0.47 | 0.52 | 61 | Health & Biotech Equities | GXXIX vs THW |
See all 73 diversifiers for GXXIX
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