Looking to diversify beyond GABFX? The mutual funds below have historically moved differently from GABFX, 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 GABFX
14 mutual funds have low correlation with GABFX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of -0.11, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | -0.11 | 0.10 | 0.13 | 86 | Inflation-Protected Bonds | GABFX vs SEIAX | |
| GMO Resources Fund | -0.04 | 0.03 | 0.01 | 82 | Energy Equities | GABFX vs GOFIX | |
| GMO Alternative Allocation Fund | 0.02 | 0.03 | -0.03 | 89 | Multistrategy | GABFX vs GAAVX | |
| GMO U.S. Treasury Fund | 0.07 | 0.06 | 0.06 | 99 | Government Bonds | GABFX vs GUSTX | |
| GMO Emerging Markets ex-China Fund | 0.13 | 0.09 | — | 87 | Emerging Markets Equities | GABFX vs GMAQX |
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