Looking to diversify beyond GXXIX? The mutual funds below have historically moved differently from GXXIX, 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 GXXIX
3 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | -0.02 | -0.01 | -0.01 | 100 | Municipal Bonds | GXXIX vs ATOIX | |
| abrdn Realty Income & Growth Fund | 0.15 | 0.43 | 0.56 | 82 | REIT | GXXIX vs AIGYX | |
| abrdn Short Duration High Yield Municipal Fund | 0.21 | 0.13 | 0.12 | 82 | High Yield Muni | GXXIX vs AHYMX | |
| abrdn Global Infrastructure Fund | 0.35 | 0.45 | 0.61 | 82 | Infrastructure Equities, Energy Equities | GXXIX vs AIFRX | |
| Abrdn Healthcare Opportunities Fund | 0.36 | 0.48 | 0.58 | 59 | Health & Biotech Equities | GXXIX vs THQ |
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