Looking to diversify beyond GABBX? The mutual funds below have the lowest correlation with GABBX — 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 GABBX.
Best Diversifiers for GABBX
0 mutual funds have low correlation with GABBX (below 0.3), 0 of which are negatively correlated. The least correlated is Gabelli Global Content & Connectivity Fund (GABTX) (Communications Equities) with a 1Y correlation of 0.44, down from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Global Content & Connectivity Fund | 0.44 | 0.60 | 0.70 | 69 | Communications Equities | GABBX vs GABTX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.45 | 0.60 | 0.70 | 69 | Technology Equities | GABBX vs GTTIX | |
| Rational Equity Armor Fund | 0.53 | 0.60 | 0.69 | 56 | Large Cap Value Equities | GABBX vs HDCTX | |
| Federated Hermes Strategic Value Dividend Fund | 0.53 | 0.62 | 0.72 | 80 | Large Cap Value Equities | GABBX vs SVAIX | |
| Comstock Capital Value Fund | 0.61 | 0.66 | 0.63 | 97 | Inverse Equities | GABBX vs DRCVX |
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