Looking to diversify beyond GABGX? The mutual funds below have historically moved differently from GABGX, 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 GABGX
2 mutual funds have low correlation with GABGX (below 0.3), 0 of which are negatively correlated. The least correlated is Gabelli Media Mogul Fund (MOGLX) (Communications Equities) with a 1Y correlation of 0.22, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Media Mogul Fund | 0.22 | 0.35 | 0.52 | 80 | Communications Equities | GABGX vs MOGLX | |
| Comstock Capital Value Fund | 0.30 | 0.37 | 0.45 | 97 | Inverse Equities | GABGX vs DRCVX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 0.38 | 0.40 | 0.54 | 90 | Event Driven | GABGX vs EMAYX | |
| The Gabelli Global Rising Income and Dividend Fund | 0.39 | 0.39 | 0.52 | 52 | Tactical Allocation | GABGX vs GAGCX | |
| Gabelli Dividend Growth Fund | 0.40 | 0.47 | 0.61 | 83 | Large Cap Value Equities | GABGX vs GABBX |
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