Looking to diversify beyond GAAVX? The mutual funds below have historically moved differently from GAAVX, 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 GAAVX
67 mutual funds have low correlation with GAAVX (below 0.3), 31 of which are negatively correlated. The least correlated is Absolute Convertible Arbitrage Fund Institutional Shares (ARBIX) (Multistrategy) with a 1Y correlation of -0.18, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.18 | -0.03 | 0.08 | 100 | Multistrategy, Convertible Bonds | GAAVX vs ARBIX | |
| GMO Emerging Markets ex-China Fund | -0.18 | 0.11 | — | 87 | Emerging Markets Equities | GAAVX vs GMAQX | |
| GMO Emerging Markets Fund | -0.16 | 0.15 | 0.22 | 81 | Emerging Markets Equities | GAAVX vs GMOEX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | -0.15 | -0.04 | -0.04 | 99 | Multistrategy | GAAVX vs SHRIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | -0.13 | 0.00 | 0.04 | 98 | Multistrategy | GAAVX vs EGRAX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GAAVX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.35, roughly unchanged from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.35 | 0.31 | 0.35 | 61 | Financial Services |
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