Looking to diversify beyond GABCX? The mutual funds below have historically moved differently from GABCX, 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 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 0.22, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 0.22 | 0.19 | 0.25 | 99 | Event Driven | GABCX vs VARBX | |
| NexPoint Merger Arbitrage Fund | 0.23 | 0.30 | 0.35 | 99 | Event Driven | GABCX vs HMEZX | |
| The Merger Fund Class I | 0.30 | 0.30 | 0.38 | 98 | Event Driven | GABCX vs MERIX | |
| The Merger Fund | 0.32 | 0.30 | 0.38 | 97 | Event Driven | GABCX vs MERFX | |
| Gabelli Global Content & Connectivity Fund | 0.37 | 0.54 | 0.63 | 56 | Communications Equities | GABCX vs GABTX |
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