Looking to diversify beyond GABBX? The mutual funds below have historically moved differently from GABBX, 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 GABBX
1 mutual funds have low correlation with GABBX (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 0.25, down from 0.66 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 | 0.25 | 0.55 | 0.66 | 62 | Quality Factor, Large Cap Value Equities | GABBX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.32 | 0.57 | 0.67 | 93 | Large Cap Value Equities | GABBX vs LEXCX | |
| AMG Yacktman Focused Fund | 0.40 | 0.64 | 0.76 | 89 | Large Cap Value Equities | GABBX vs YAFFX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.42 | 0.58 | 0.69 | 58 | Technology Equities | GABBX vs GTTIX | |
| Gabelli Global Content & Connectivity Fund | 0.42 | 0.58 | 0.69 | 59 | Communications Equities | GABBX vs GABTX |
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