Looking to diversify beyond GGGIX? The mutual funds below have the lowest correlation with GGGIX — 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 GGGIX.
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 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Enterprise Mergers and Acquisitions Fund | 0.50 | 0.50 | 0.61 | 71 | Event Driven | GGGIX vs EMAYX | |
| Baron Partners Fund | 0.50 | 0.57 | 0.68 | 52 | Large Cap Growth Equities | GGGIX vs BPTRX | |
| Gabelli Value 25 Fund | 0.54 | 0.55 | 0.65 | 63 | Mid Cap Blend Equities | GGGIX vs GABVX | |
| Gabelli Global Content & Connectivity Fund | 0.55 | 0.61 | 0.72 | 69 | Communications Equities | GGGIX vs GABTX | |
| ICON Equity Fund | 0.59 | 0.57 | 0.68 | 85 | Large Cap Growth Equities | GGGIX vs IOLZX |
See all 25 diversifiers for GGGIX
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