PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Gabelli Utilities Fund (GABUX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks to provide a high level of total return through a combination of capital appreciation and current income. The fund invests at least 80% of its net assets in securities of domestic or foreign companies that are involved to a substantial extent in providing products, services or equipment for the generation or distribution of electricity, gas, and water and the provision of infrastructure operations or telecommunications services. It may invest up to 40% of its total assets in securities of non-U.S. issuers.

Looking to diversify beyond GABUX? The mutual funds below have the lowest correlation with GABUX — 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 GABUX.

Best Diversifiers for GABUX

6 mutual funds have low correlation with GABUX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund (BDMAX) (Equity Market Neutral) with a 1Y correlation of -0.06, roughly unchanged from -0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BDMAX
BlackRock Global Equity Market Neutral Fund-0.06-0.10-0.05
96
Equity Market NeutralGABUX vs BDMAX
RDMIX
Rational/ReSolve Adaptive Asset Allocation Fund0.170.070.13
69
Macro TradingGABUX vs RDMIX
SWPPX
Schwab S&P 500 Index Fund0.200.320.47
65
Large Cap Blend Equities, S&P 500GABUX vs SWPPX
GABTX
Gabelli Global Content & Connectivity Fund0.230.380.47
69
Communications EquitiesGABUX vs GABTX
GTTIX
Gabelli Global Content & Connectivity Fund Class I0.230.380.47
69
Technology EquitiesGABUX vs GTTIX
See all 11 diversifiers for GABUX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from GABUX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GABUX and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.47, down from 0.69 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
UTG
Reaves Utility Income Trust0.470.610.69
79
Financial Services

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements GABUX

Add GABUX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with GABUX