Looking to diversify beyond GABGX? The mutual funds below have the lowest correlation with GABGX — 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 GABGX.
Best Diversifiers for GABGX
1 mutual funds have low correlation with GABGX (below 0.3), 0 of which are negatively correlated. The least correlated is Comstock Capital Value Fund (DRCVX) (Inverse Equities) with a 1Y correlation of 0.29, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Comstock Capital Value Fund | 0.29 | 0.36 | 0.44 | 97 | Inverse Equities | GABGX vs DRCVX | |
| Gabelli ABC Fund | 0.30 | 0.37 | 0.50 | 55 | Event Driven | GABGX vs GABCX | |
| Gabelli Media Mogul Fund | 0.31 | 0.38 | 0.54 | 58 | Communications Equities | GABGX vs MOGLX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 0.38 | 0.40 | 0.54 | 82 | Event Driven | GABGX vs EMAYX | |
| Emerald Insights Fund | 0.39 | 0.76 | 0.84 | 99 | Large Cap Growth Equities | GABGX vs EFCNX |
See all 32 diversifiers for GABGX
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