Looking to diversify beyond GABTX? The mutual funds below have historically moved differently from GABTX, 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 GABTX
1 mutual funds have low correlation with GABTX (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 0.27, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Comstock Capital Value Fund | 0.27 | 0.47 | 0.50 | 96 | Inverse Equities | GABTX vs DRCVX | |
| Gabelli Media Mogul Fund | 0.34 | 0.57 | 0.68 | 78 | Communications Equities | GABTX vs MOGLX | |
| Gabelli Global Financial Services Fund Class AAA | 0.41 | 0.56 | 0.65 | 87 | Financials Equities | GABTX vs GAFSX | |
| Gabelli Dividend Growth Fund | 0.42 | 0.59 | 0.69 | 77 | Large Cap Value Equities | GABTX vs GABBX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 0.42 | 0.61 | 0.70 | 87 | Event Driven | GABTX vs EMAYX |
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