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
52 mutual funds have low correlation with GAAVX (below 0.3), 17 of which are negatively correlated. The least correlated is Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX) (Multistrategy) with a 1Y correlation of -0.12, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | -0.12 | -0.04 | -0.03 | 98 | Multistrategy | GAAVX vs SHRIX | |
| Blackstone Alternative Multi-Strategy Fund | -0.10 | 0.05 | 0.10 | 99 | Multistrategy | GAAVX vs BXMIX | |
| GMO Emerging Markets Fund | -0.09 | 0.18 | 0.25 | 93 | Emerging Markets Diversified | GAAVX vs GMOEX | |
| GMO Emerging Markets ex-China Fund | -0.09 | 0.15 | — | 96 | Emerging Markets Diversified | GAAVX vs GMAQX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.09 | -0.00 | 0.10 | 100 | Multistrategy | GAAVX vs ARBIX |
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