Looking to diversify beyond GCAVX? The mutual funds below have historically moved differently from GCAVX, 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 GCAVX
3 mutual funds have low correlation with GCAVX (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 0.00, roughly unchanged from 0.02 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 | 0.00 | 0.01 | 0.02 | 99 | Government Bonds | GCAVX vs GUSTX | |
| GMO Multi-Sector Fixed Income Fund | 0.12 | 0.19 | 0.13 | 90 | Intermediate Core-Plus Bond | GCAVX vs GUGAX | |
| GMO Alternative Allocation Fund | 0.22 | 0.33 | 0.36 | 89 | Multistrategy | GCAVX vs GAAVX | |
| Aegis Value Fund Class I | 0.39 | 0.45 | 0.54 | 94 | Small Cap Value Equities | GCAVX vs AVALX | |
| GMO Emerging Country Debt Fund Class VI | 0.42 | 0.37 | — | 98 | Emerging Markets Bonds | GCAVX vs GMOQX |
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