Looking to diversify beyond GAGEX? The mutual funds below have historically moved differently from GAGEX, 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 GAGEX
13 mutual funds have low correlation with GAGEX (below 0.3), 0 of which are negatively correlated. The least correlated is U.S. Global Investors Global Resources Fund (PSPFX) (Energy Equities) with a 1Y correlation of 0.18, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| U.S. Global Investors Global Resources Fund | 0.18 | 0.41 | 0.55 | 53 | Energy Equities | GAGEX vs PSPFX | |
| abrdn Global Infrastructure Fund | 0.19 | 0.29 | 0.41 | 82 | Infrastructure Equities, Energy Equities | GAGEX vs AIFRX | |
| ClearBridge Global Infrastructure Income Fund | 0.20 | 0.24 | 0.35 | 77 | Infrastructure Equities, Energy Equities | GAGEX vs RGSVX | |
| Victory Global Energy Transition Fund | 0.21 | 0.46 | 0.58 | 96 | Energy Equities | GAGEX vs RSNRX | |
| Victory Global Energy Transition Fund Class Y | 0.21 | 0.46 | 0.58 | 96 | Energy Equities | GAGEX vs RSNYX |
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