Looking to diversify beyond GABOX? The mutual funds below have the lowest correlation with GABOX — 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 GABOX.
Best Diversifiers for GABOX
0 mutual funds have low correlation with GABOX (below 0.3), 0 of which are negatively correlated. The least correlated is Gabelli Global Content & Connectivity Fund (GABTX) (Communications Equities) with a 1Y correlation of 0.52, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Global Content & Connectivity Fund | 0.52 | 0.60 | 0.68 | 72 | Communications Equities | GABOX vs GABTX | |
| Gabelli Dividend Growth Fund | 0.55 | 0.53 | 0.59 | 51 | Large Cap Value Equities | GABOX vs GABBX | |
| Hood River International Opportunity Fund | 0.59 | 0.61 | — | 95 | Foreign Small & Mid Cap Equities | GABOX vs HRIOX | |
| Hood River International Opportunity Fund Investor... | 0.59 | — | — | 95 | Foreign Small & Mid Cap Equities | GABOX vs HRIIX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 0.61 | 0.60 | 0.64 | 75 | Event Driven | GABOX vs EMAYX |
See all 11 diversifiers for GABOX
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