Looking to diversify beyond GAFSX? The mutual funds below have historically moved differently from GAFSX, 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 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 0.41, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Global Content & Connectivity Fund | 0.41 | 0.56 | 0.65 | 59 | Communications Equities | GAFSX vs GABTX | |
| RMB Mendon Financial Services Fund | 0.65 | 0.75 | 0.77 | 83 | Financials Equities | GAFSX vs RMBKX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 0.67 | 0.75 | 0.79 | 87 | Event Driven | GAFSX vs EMAYX | |
| Hennessy Small Cap Financial Fund | 0.68 | 0.76 | 0.78 | 55 | Financials Equities | GAFSX vs HSFNX | |
| Gabelli Value 25 Fund | 0.69 | 0.75 | 0.80 | 80 | Mid Cap Blend Equities | GAFSX vs GABVX |
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