Looking to diversify beyond GAFFX? The mutual funds below have historically moved differently from GAFFX, 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 GAFFX
0 mutual funds have low correlation with GAFFX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds The Income Fund of America Class A (AMECX) (Diversified Portfolio) with a 1Y correlation of 0.50, down from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The Income Fund of America Class A | 0.50 | 0.64 | 0.70 | 81 | Diversified Portfolio, Dividend | GAFFX vs AMECX | |
| Vanguard High Dividend Yield Index Fund Admiral Sh... | 0.55 | 0.62 | 0.68 | 88 | Large Cap Value Equities, Dividend | GAFFX vs VHYAX | |
| American Funds American Mutual Fund Class F-3 | 0.67 | 0.73 | 0.76 | 65 | Large Cap Value Equities | GAFFX vs AFMFX | |
| American Growth Fund Series One | 0.72 | 0.79 | 0.83 | 56 | Large Cap Growth Equities | GAFFX vs AMRGX | |
| Davis New York Venture Fund Class Y | 0.73 | 0.79 | 0.83 | 90 | Large Cap Growth Equities | GAFFX vs DNVYX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GAFFX, 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 DigitalBridge Group, Inc. (DBRG) (Real Estate) with a 1Y correlation of 0.29, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DigitalBridge Group, Inc. | 0.29 | 0.39 | 0.50 | 81 | Real Estate | |
| Apple Inc | 0.37 | 0.45 | 0.61 | 89 | Technology | |
| CrowdStrike Holdings, Inc. | 0.46 | 0.58 | 0.62 | 80 | Technology | |
| Corning Incorporated | 0.50 | 0.53 | 0.59 | 86 | Technology | |
| Arista Networks, Inc. | 0.53 | 0.61 | 0.65 | 71 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GAFFX
Add GAFFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GAFFX