Looking to diversify beyond GABEX? The mutual funds below have the lowest correlation with GABEX — 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 GABEX.
Best Diversifiers for GABEX
4 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 0.12, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.12 | 0.11 | 0.32 | 79 | Short-Term Bond | GABEX vs LCCMX | |
| Franklin Federal Tax-Free Income Fund Advisor Clas... | 0.21 | 0.17 | 0.11 | 66 | Municipal Bonds | GABEX vs FAFTX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.25 | 0.14 | 0.12 | 70 | Large Cap Blend Equities | GABEX vs SVPFX | |
| American Beacon Frontier Markets Income Fund | 0.29 | 0.28 | 0.30 | 98 | Emerging Markets Bonds | GABEX vs AGEPX | |
| North Square Preferred and Income Securities Fund | 0.43 | 0.35 | 0.42 | 72 | Large Cap Blend Equities | GABEX vs ORDNX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GABEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GABEX and solid risk/return profiles. The least correlated is DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.34, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.34 | 0.39 | 0.43 | 83 | Financial Services | |
| Federal Realty Investment Trust | 0.46 | 0.56 | 0.62 | 85 | Real Estate | |
| Capital Southwest Corporation | 0.49 | 0.48 | 0.53 | 78 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.54 | 0.51 | 0.54 | 64 | Financial Services |
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