Looking to diversify beyond GGN? The mutual funds below have the lowest correlation with GGN — 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 GGN.
Best Diversifiers for GGN
2 mutual funds have low correlation with GGN (below 0.3), 0 of which are negatively correlated. The least correlated is Gabelli Global Content & Connectivity Fund (GABTX) (Communications Equities) with a 1Y correlation of 0.25, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Global Content & Connectivity Fund | 0.25 | 0.27 | 0.33 | 78 | Communications Equities | GGN vs GABTX | |
| Columbia Seligman Premium Technology Growth Closed... | 0.27 | 0.23 | 0.27 | 97 | Technology Equities | GGN vs STK | |
| Fidelity 500 Index Fund | 0.33 | 0.27 | 0.32 | 66 | S&P 500 | GGN vs FXAIX | |
| Thornburg Investment Income Builder Fund Class I | 0.38 | 0.35 | 0.39 | 98 | Diversified Portfolio | GGN vs TIBIX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 0.48 | 0.41 | 0.42 | 75 | Event Driven | GGN vs EMAYX |
See all 7 diversifiers for GGN
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GGN
Add GGN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GGN