Looking to diversify beyond GAFSX? The mutual funds below have the lowest correlation with GAFSX — 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 GAFSX.
Best Diversifiers for GAFSX
0 mutual funds have low correlation with GAFSX (below 0.3), 0 of which are negatively correlated. The least correlated is Gabelli Global Content & Connectivity Fund (GABTX) (Communications Equities) with a 1Y correlation of 0.45, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Global Content & Connectivity Fund | 0.45 | 0.58 | 0.66 | 72 | Communications Equities | GAFSX vs GABTX | |
| RMB Mendon Financial Services Fund | 0.69 | 0.76 | 0.78 | 58 | Financials Equities | GAFSX vs RMBKX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 0.72 | 0.77 | 0.80 | 75 | Event Driven | GAFSX vs EMAYX | |
| Gabelli Dividend Growth Fund | 0.76 | 0.77 | 0.80 | 51 | Large Cap Value Equities | GAFSX vs GABBX | |
| Gabelli Global Financial Services Fund | 0.98 | 0.99 | 1.00 | 72 | Financials Equities | GAFSX vs GFSIX |
Diversification Analysis
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