Looking to diversify beyond GBATX? The mutual funds below have historically moved differently from GBATX, 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 GBATX
4 mutual funds have low correlation with GBATX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.01, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.01 | 0.06 | 0.05 | 99 | Government Bonds | GBATX vs GUSTX | |
| GMO Multi-Sector Fixed Income Fund | 0.21 | 0.32 | 0.24 | 90 | Intermediate Core-Plus Bond | GBATX vs GUGAX | |
| GMO Alternative Allocation Fund | 0.22 | 0.41 | 0.45 | 89 | Multistrategy | GBATX vs GAAVX | |
| LoCorr Macro Strategies Fund Class I | 0.27 | 0.09 | -0.04 | 79 | Global Allocation | GBATX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.38 | 0.38 | 0.58 | 68 | Global Allocation | GBATX vs MHESX |
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