Looking to diversify beyond GBFAX? The mutual funds below have the lowest correlation with GBFAX — 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 GBFAX.
Best Diversifiers for GBFAX
0 mutual funds have low correlation with GBFAX (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) (Emerging Markets Diversified) with a 1Y correlation of 0.49, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.49 | 0.65 | 0.71 | 87 | Emerging Markets Diversified | GBFAX vs ESCIX | |
| Cullen Emerging Markets High Dividend Fund | 0.64 | 0.73 | 0.75 | 89 | Emerging Markets Diversified | GBFAX vs CEMFX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.64 | 0.71 | 0.75 | 92 | Emerging Markets Diversified | GBFAX vs EMPTX | |
| Delaware Emerging Markets Fund | 0.73 | 0.75 | 0.80 | 98 | Emerging Markets Diversified | GBFAX vs DEMIX | |
| Wasatch Emerging Markets Small Cap Fund | 0.74 | 0.67 | 0.70 | 62 | Emerging Markets Diversified | GBFAX vs WAEMX |
See all 24 diversifiers for GBFAX
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