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
0 mutual funds have low correlation with GABAX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.34, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.18 | 0.15 | 72 | Large Cap Blend Equities | GABAX vs SVPFX | |
| Gabelli Global Content & Connectivity Fund | 0.46 | 0.63 | 0.72 | 72 | Communications Equities | GABAX vs GABTX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.46 | 0.62 | 0.72 | 72 | Technology Equities | GABAX vs GTTIX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.38 | 0.44 | 69 | Large Cap Blend Equities | GABAX vs ORDNX | |
| Comstock Capital Value Fund | 0.56 | 0.68 | 0.63 | 97 | Inverse Equities | GABAX vs DRCVX |
See all 40 diversifiers for GABAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GABAX
Add GABAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GABAX