Looking to diversify beyond GABUX? The mutual funds below have historically moved differently from GABUX, 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 GABUX
8 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 Investor A (BDMAX) (Equity Market Neutral) with a 1Y correlation of -0.16, roughly unchanged from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Invest... | -0.16 | -0.12 | -0.07 | 97 | Equity Market Neutral | GABUX vs BDMAX | |
| Columbia Seligman Technology and Information Fund ... | 0.00 | 0.13 | 0.29 | 93 | Technology Equities | GABUX vs SCMIX | |
| Rational/ReSolve Adaptive Asset Allocation Fund | 0.09 | 0.04 | 0.11 | 77 | Tactical Allocation | GABUX vs RDMIX | |
| Schwab S&P 500 Index Fund | 0.12 | 0.29 | 0.46 | 63 | Large Cap Blend Equities, S&P 500 | GABUX vs SWPPX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.13 | 0.35 | 0.46 | 58 | Technology Equities | GABUX vs GTTIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GABUX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.43, down from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.43 | 0.58 | 0.68 | 55 | Financial Services |
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