Looking to diversify beyond GAAVX? The mutual funds below have the lowest correlation with GAAVX — 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 GAAVX.
Best Diversifiers for GAAVX
58 mutual funds have low correlation with GAAVX (below 0.3), 19 of which are negatively correlated. The least correlated is GMO Emerging Markets ex-China Fund (GMAQX) (Emerging Markets Diversified) with a 1Y correlation of -0.14, down from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Emerging Markets ex-China Fund | -0.14 | 0.13 | — | 92 | Emerging Markets Diversified | GAAVX vs GMAQX | |
| GMO Emerging Markets Fund | -0.14 | 0.16 | 0.24 | 88 | Emerging Markets Diversified | GAAVX vs GMOEX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | -0.12 | -0.04 | -0.03 | 98 | Multistrategy | GAAVX vs SHRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.11 | -0.01 | 0.09 | 100 | Multistrategy | GAAVX vs ARBIX | |
| Blackstone Alternative Multi-Strategy Fund | -0.09 | 0.04 | 0.10 | 99 | Multistrategy | GAAVX vs BXMIX |
See all 61 diversifiers for GAAVX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GAAVX
Add GAAVX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GAAVX