Looking to diversify beyond GABAX? The mutual funds below have the lowest correlation with GABAX — 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 GABAX.
Best Diversifiers for GABAX
2 mutual funds have low correlation with GABAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT All Cap Core Fund Class R6 (QKACX) (Large Cap Blend Equities) with a 1Y correlation of 0.20, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.20 | 0.49 | 0.69 | 51 | Large Cap Blend Equities | GABAX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.22 | 0.49 | 0.69 | 51 | Large Cap Blend Equities | GABAX vs QIACX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.35 | 0.19 | 0.15 | 95 | Large Cap Blend Equities | GABAX vs SVPFX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.43 | 0.62 | 0.72 | 65 | Technology Equities | GABAX vs GTTIX | |
| Gabelli Global Content & Connectivity Fund | 0.43 | 0.62 | 0.72 | 65 | Communications Equities | GABAX vs GABTX |
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