Looking to diversify beyond GABCX? The mutual funds below have the lowest correlation with GABCX — 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 GABCX.
Best Diversifiers for GABCX
3 mutual funds have low correlation with GABCX (below 0.3), 0 of which are negatively correlated. The least correlated is Vivaldi Merger Arbitrage Fund Class I (VARBX) (Event Driven) with a 1Y correlation of 0.18, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 0.18 | 0.18 | 0.24 | 98 | Event Driven | GABCX vs VARBX | |
| NexPoint Merger Arbitrage Fund | 0.23 | 0.29 | 0.35 | 99 | Event Driven | GABCX vs HMEZX | |
| The Merger Fund Class I | 0.30 | 0.31 | 0.38 | 98 | Event Driven | GABCX vs MERIX | |
| The Merger Fund | 0.30 | 0.31 | 0.38 | 97 | Event Driven | GABCX vs MERFX | |
| Dunham Monthly Distribution Fund | 0.41 | 0.40 | 0.45 | 97 | Event Driven | GABCX vs DAMDX |
See all 14 diversifiers for GABCX
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