Looking to diversify beyond GBATX? The mutual funds below have the lowest correlation with GBATX — 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 GBATX.
Best Diversifiers for GBATX
3 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 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.01 | 0.08 | 0.04 | 99 | Government Bonds | GBATX vs GUSTX | |
| GMO Multi-Sector Fixed Income Fund | 0.23 | 0.33 | 0.23 | 76 | Intermediate Core-Plus Bond | GBATX vs GUGAX | |
| LoCorr Macro Strategies Fund Class I | 0.24 | 0.07 | -0.03 | 85 | Global Allocation | GBATX vs LFMIX | |
| GMO Alternative Allocation Fund | 0.31 | 0.43 | 0.47 | 66 | Multistrategy | GBATX vs GAAVX | |
| MH Elite Select Portfolio of Funds Fund | 0.47 | 0.41 | 0.60 | 57 | Global Allocation | GBATX vs MHESX |
See all 28 diversifiers for GBATX
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