Looking to diversify beyond GABEX? The mutual funds below have historically moved differently from GABEX, 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 GABEX
2 mutual funds have low correlation with GABEX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.07, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.07 | 0.11 | 0.31 | 77 | Short-Term Bond | GABEX vs LCCMX | |
| Franklin Federal Tax-Free Income Fund Advisor Clas... | 0.27 | 0.18 | 0.13 | 73 | Municipal Bonds | GABEX vs FAFTX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.32 | 0.16 | 0.13 | 96 | Large Cap Blend Equities | GABEX vs SVPFX | |
| American Beacon Frontier Markets Income Fund | 0.33 | 0.29 | 0.30 | 98 | Emerging Markets Bonds | GABEX vs AGEPX | |
| Allspring Emerging Markets Equity Income Fund | 0.40 | 0.43 | 0.52 | 68 | Dividend, Emerging Markets Equities | GABEX vs EQIIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GABEX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.35, roughly unchanged from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.35 | 0.39 | 0.43 | 90 | Financial Services | |
| Federal Realty Investment Trust | 0.41 | 0.55 | 0.62 | 95 | Real Estate | |
| Capital Southwest Corporation | 0.46 | 0.48 | 0.53 | 72 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.52 | 0.51 | 0.55 | 72 | Financial Services |
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