Looking to diversify beyond GAB? The mutual funds below have historically moved differently from GAB, 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 GAB
7 mutual funds have low correlation with GAB (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.03, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.03 | 0.35 | 0.46 | 62 | Quality Factor, Large Cap Value Equities | GAB vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.12 | 0.34 | 0.45 | 93 | Large Cap Value Equities | GAB vs LEXCX | |
| Federated Hermes Equity Income Fund | 0.13 | 0.40 | 0.53 | 72 | Dividend, Large Cap Value Equities | GAB vs LEIFX | |
| Vanguard New Jersey Long-Term Tax-Exempt Fund Admi... | 0.17 | 0.12 | 0.10 | 83 | Municipal Bonds | GAB vs VNJUX | |
| Buffalo Flexible Income Fund | 0.21 | 0.44 | 0.53 | 87 | Large Cap Value Equities | GAB vs BUFBX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GAB, 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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.12, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.12 | 0.22 | 0.30 | 77 | Real Estate | |
| Cohen & Steers Infrastructure Fund, Inc | 0.20 | 0.34 | 0.38 | 74 | Financial Services | |
| DNP Select Income Fund Inc. | 0.26 | 0.32 | 0.35 | 89 | Financial Services | |
| Orchid Island Capital, Inc. | 0.33 | 0.40 | 0.41 | 61 | Real Estate | |
| BlackRock Science and Technology Term Trust | 0.34 | 0.41 | 0.47 | 87 | Financial Services |
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