Looking to diversify beyond GABVX? The mutual funds below have the lowest correlation with GABVX — 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 GABVX.
Best Diversifiers for GABVX
0 mutual funds have low correlation with GABVX (below 0.3), 0 of which are negatively correlated. The least correlated is Gabelli Global Content & Connectivity Fund Class I (GTTIX) (Technology Equities) with a 1Y correlation of 0.45, down from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Global Content & Connectivity Fund Class I | 0.45 | 0.63 | 0.73 | 72 | Technology Equities | GABVX vs GTTIX | |
| Gabelli Global Content & Connectivity Fund | 0.45 | 0.64 | 0.73 | 72 | Communications Equities | GABVX vs GABTX | |
| Comstock Capital Value Fund | 0.54 | 0.66 | 0.62 | 97 | Inverse Equities | GABVX vs DRCVX | |
| Natixis Funds Trust II Vaughan Nelson Mid Cap Fund | 0.57 | 0.63 | 0.75 | 80 | Mid Cap Blend Equities | GABVX vs VNVYX | |
| Tarkio Fund | 0.58 | 0.68 | 0.77 | 68 | Mid Cap Blend Equities | GABVX vs TARKX |
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