Looking to diversify beyond GGGIX? The mutual funds below have historically moved differently from GGGIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GGGIX
0 mutual funds have low correlation with GGGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX) (Event Driven) with a 1Y correlation of 0.50, down from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Enterprise Mergers and Acquisitions Fund | 0.50 | 0.50 | 0.60 | 87 | Event Driven | GGGIX vs EMAYX | |
| Gabelli Dividend Growth Fund | 0.51 | 0.56 | 0.66 | 70 | Large Cap Value Equities | GGGIX vs GABBX | |
| Gabelli Value 25 Fund | 0.53 | 0.54 | 0.65 | 80 | Mid Cap Blend Equities | GGGIX vs GABVX | |
| Gabelli Global Content & Connectivity Fund | 0.56 | 0.61 | 0.72 | 59 | Communications Equities | GGGIX vs GABTX | |
| Gabelli Asset Fund | 0.60 | 0.61 | 0.69 | 57 | Large Cap Blend Equities | GGGIX vs GABAX |
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