Looking to diversify beyond GDL? The mutual funds below have the lowest correlation with GDL — 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 GDL.
Best Diversifiers for GDL
13 mutual funds have low correlation with GDL (below 0.3), 0 of which are negatively correlated. The least correlated is The Arbitrage Fund (ARBFX) (Event Driven) with a 1Y correlation of 0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Arbitrage Fund | 0.03 | 0.18 | 0.19 | 97 | Event Driven | GDL vs ARBFX | |
| The Merger Fund Class I | 0.03 | 0.12 | 0.12 | 98 | Event Driven | GDL vs MERIX | |
| The Merger Fund | 0.04 | 0.13 | 0.13 | 97 | Event Driven | GDL vs MERFX | |
| NexPoint Merger Arbitrage Fund | 0.06 | 0.12 | 0.12 | 99 | Event Driven | GDL vs HMEZX | |
| The Arbitrage Fund Class Institutional | 0.06 | 0.19 | 0.19 | 97 | Event Driven | GDL vs ARBNX |
See all 13 diversifiers for GDL
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