Looking to diversify beyond GCAVX? The mutual funds below have the lowest correlation with GCAVX — 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 GCAVX.
Best Diversifiers for GCAVX
3 mutual funds have low correlation with GCAVX (below 0.3), 1 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of -0.02, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | -0.02 | 0.03 | 0.01 | 99 | Government Bonds | GCAVX vs GUSTX | |
| GMO Multi-Sector Fixed Income Fund | 0.12 | 0.20 | 0.12 | 76 | Intermediate Core-Plus Bond | GCAVX vs GUGAX | |
| GMO Alternative Allocation Fund | 0.26 | 0.34 | 0.37 | 66 | Multistrategy | GCAVX vs GAAVX | |
| GMO Emerging Country Debt Fund Class VI | 0.41 | 0.36 | 0.32 | 98 | Emerging Markets Bonds | GCAVX vs GMOQX | |
| GMO Emerging Country Debt Fund | 0.42 | 0.36 | 0.31 | 98 | Emerging Markets Bonds | GCAVX vs GMCDX |
See all 31 diversifiers for GCAVX
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