Looking to diversify beyond GIGRX? The mutual funds below have the lowest correlation with GIGRX — 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 GIGRX.
Best Diversifiers for GIGRX
0 mutual funds have low correlation with GIGRX (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 0.55, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Global Content & Connectivity Fund | 0.55 | 0.63 | 0.71 | 58 | Communications Equities | GIGRX vs GABTX | |
| Thornburg Global Opportunities Fund | 0.56 | 0.65 | 0.70 | 89 | Foreign Large Cap Equities | GIGRX vs THOIX | |
| American Beacon Tocqueville International Value Fu... | 0.61 | 0.64 | 0.75 | 91 | Foreign Large Cap Equities | GIGRX vs TIVFX | |
| SA International Value Fund | 0.63 | 0.62 | 0.66 | 87 | Foreign Large Cap Equities | GIGRX vs SAHMX | |
| EuroPac International Dividend Income Fund Class A | 0.65 | 0.66 | 0.68 | 72 | Foreign Large Cap Equities, Dividend | GIGRX vs EPDPX |
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