Looking to diversify beyond GCV? The mutual funds below have the lowest correlation with GCV — 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 GCV.
Best Diversifiers for GCV
1 mutual funds have low correlation with GCV (below 0.3), 0 of which are negatively correlated. The least correlated is The Gabelli Utility Trust (GUT) (Utilities Equities) with a 1Y correlation of 0.15, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Gabelli Utility Trust | 0.15 | 0.15 | 0.14 | 56 | Utilities Equities | GCV vs GUT | |
| The Gabelli Dividend and Income Trust | 0.34 | 0.37 | 0.34 | 51 | Dividend | GCV vs GDV | |
| Wells Fargo Advantage Funds - Allspring Global Div... | 0.42 | 0.35 | 0.35 | 85 | Dividend | GCV vs EOD | |
| Miller Convertible Bond Fund | 0.43 | 0.39 | 0.37 | 81 | Convertible Bonds | GCV vs MCIFX | |
| Virtus Convertible and Income Fund II | 0.49 | 0.41 | 0.39 | 81 | Convertible Bonds | GCV vs NCZ |
See all 15 diversifiers for GCV
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GCV
Add GCV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GCV