Looking to diversify beyond GDV? The mutual funds below have the lowest correlation with GDV — 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 GDV.
Best Diversifiers for GDV
1 mutual funds have low correlation with GDV (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 0.27, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Gabelli Utility Trust | 0.27 | 0.28 | 0.28 | 56 | Utilities Equities | GDV vs GUT | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.33 | 0.45 | 0.58 | 77 | Dividend | GDV vs SVAAX | |
| The Gabelli Convertible and Income Securities Fund... | 0.37 | 0.38 | 0.35 | 77 | Convertible Bonds | GDV vs GCV | |
| EuroPac International Dividend Income Fund Class A | 0.52 | 0.46 | 0.54 | 74 | Foreign Large Cap Equities, Dividend | GDV vs EPDPX | |
| Pioneer Multi-Asset Income Fund A | 0.56 | 0.55 | 0.60 | 80 | Diversified Portfolio, Dividend | GDV vs PMAIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDV and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of 0.03, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | 0.03 | 0.29 | 0.38 | 82 | Energy | |
| BlackRock Science and Technology Trust | 0.55 | 0.58 | 0.67 | 89 | Financial Services |
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