Looking to diversify beyond GAB? The mutual funds below have the lowest correlation with GAB — 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 GAB.
Best Diversifiers for GAB
5 mutual funds have low correlation with GAB (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.10, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.10 | 0.42 | 0.54 | 53 | Large Cap Value Equities | GAB vs LEIFX | |
| Vanguard New Jersey Long-Term Tax-Exempt Fund Admi... | 0.13 | 0.12 | 0.09 | 73 | Municipal Bonds | GAB vs VNJUX | |
| Voya Corporate Leaders Trust Fund | 0.20 | 0.36 | 0.46 | 52 | Large Cap Value Equities | GAB vs LEXCX | |
| The Gabelli Utility Trust | 0.26 | 0.26 | 0.25 | 56 | Utilities Equities | GAB vs GUT | |
| Buffalo Flexible Income Fund | 0.29 | 0.47 | 0.54 | 71 | Large Cap Value Equities | GAB vs BUFBX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GAB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GAB and solid risk/return profiles. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.22, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.22 | 0.33 | 0.39 | 64 | Financial Services | |
| BlackRock Science and Technology Trust II | 0.33 | 0.42 | 0.46 | 96 | Financial Services | |
| BlackRock Science and Technology Trust | 0.36 | 0.41 | 0.47 | 90 | Financial Services | |
| AGNC Investment Corp. | 0.36 | 0.41 | 0.44 | 77 | Real Estate | |
| Annaly Capital Management, Inc. | 0.36 | 0.42 | 0.46 | 78 | Real Estate |
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Build a portfolio that complements GAB
Add GAB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GAB