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Gabelli Global Financial Services Fund (GFSIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The investment seeks to provide capital appreciation. Under normal market conditions, the fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in the securities of companies principally engaged in the group of industries comprising the financial services sector. It may invest in the equity securities of such companies, such as common stock, or in the debt securities of such companies, such as corporate bonds or other financial instruments, in accordance with the foregoing 80% policy.

Looking to diversify beyond GFSIX? The mutual funds below have the lowest correlation with GFSIX — 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 GFSIX.

Best Diversifiers for GFSIX

4 mutual funds have low correlation with GFSIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) (MLPs) with a 1Y correlation of 0.03, down from 0.50 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GAMPX
Goldman Sachs Energy Infrastructure Fund Class P0.030.370.50
78
MLPsGFSIX vs GAMPX
GLEIX
Goldman Sachs Energy Infrastructure Fund0.030.370.50
78
Energy EquitiesGFSIX vs GLEIX
BDMIX
BlackRock Global Equity Market Neutral Fund Class ...0.240.120.04
96
Equity Market NeutralGFSIX vs BDMIX
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y0.280.220.12
51
Systematic TrendGFSIX vs ASFYX
DRGTX
Virtus Technology Fund0.320.390.49
50
Technology EquitiesGFSIX vs DRGTX
See all 24 diversifiers for GFSIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from GFSIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GFSIX and solid risk/return profiles. The least correlated is Morgan Stanley (MS) (Financial Services) with a 1Y correlation of 0.58, down from 0.72 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
MS
Morgan Stanley0.580.640.72
90
Financial Services

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