Looking to diversify beyond TGPCX? The mutual funds below have the lowest correlation with TGPCX — 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 TGPCX.
Best Diversifiers for TGPCX
2 mutual funds have low correlation with TGPCX (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 -0.08, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.08 | 0.10 | 0.19 | 76 | Diversified Portfolio | TGPCX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.18 | 0.48 | 63 | Diversified Portfolio | TGPCX vs MHELX | |
| Concorde Wealth Management Fund | 0.38 | 0.52 | 0.63 | 71 | Diversified Portfolio | TGPCX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.57 | 0.62 | 96 | Diversified Portfolio | TGPCX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.57 | 0.61 | 95 | Diversified Portfolio | TGPCX vs FCSRX |
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