Looking to diversify beyond GAFFX? The mutual funds below have the lowest correlation with GAFFX — 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 GAFFX.
Best Diversifiers for GAFFX
0 mutual funds have low correlation with GAFFX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Partners Fund (BPTRX) (Large Cap Growth Equities) with a 1Y correlation of 0.58, down from 0.76 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Partners Fund | 0.58 | 0.68 | 0.76 | 52 | Large Cap Growth Equities | GAFFX vs BPTRX | |
| Vanguard High Dividend Yield Index Fund Admiral Sh... | 0.58 | 0.63 | 0.69 | 79 | Large Cap Value Equities, Dividend | GAFFX vs VHYAX | |
| ICON Equity Fund | 0.69 | 0.70 | 0.78 | 85 | Large Cap Growth Equities | GAFFX vs IOLZX | |
| Invesco Value Opportunities Fund | 0.72 | 0.77 | 0.77 | 85 | Mid Cap Value Equities | GAFFX vs VVOAX | |
| Davis New York Venture Fund Class Y | 0.73 | 0.80 | 0.83 | 80 | Large Cap Growth Equities | GAFFX vs DNVYX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GAFFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GAFFX and solid risk/return profiles. The least correlated is DigitalBridge Group, Inc. (DBRG) (Real Estate) with a 1Y correlation of 0.31, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DigitalBridge Group, Inc. | 0.31 | 0.41 | 0.51 | 80 | Real Estate | |
| Apple Inc | 0.37 | 0.43 | 0.56 | 87 | Technology | |
| CrowdStrike Holdings, Inc. | 0.46 | 0.58 | 0.62 | 65 | Technology | |
| Corning Incorporated | 0.47 | 0.52 | 0.59 | 97 | Technology | |
| Arista Networks, Inc. | 0.53 | 0.61 | 0.65 | 79 | Technology |
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Build a portfolio that complements GAFFX
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