Looking to diversify beyond GABOX? The mutual funds below have historically moved differently from GABOX, 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 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 0.53, down from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Global Content & Connectivity Fund | 0.53 | 0.60 | 0.68 | 59 | Communications Equities | GABOX vs GABTX | |
| AMG Yacktman Special Opportunities Fund | 0.54 | 0.58 | 0.65 | 55 | Foreign Small & Mid Cap Equities | GABOX vs YASLX | |
| Gabelli Dividend Growth Fund | 0.54 | 0.53 | 0.58 | 70 | Large Cap Value Equities | GABOX vs GABBX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 0.58 | 0.59 | 0.64 | 87 | Event Driven | GABOX vs EMAYX | |
| Artisan International Explorer Fund | 0.60 | 0.66 | — | 72 | Foreign Small & Mid Cap Equities | GABOX vs ARHBX |
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