Looking to diversify beyond GMAQX? The mutual funds below have historically moved differently from GMAQX, 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 GMAQX
5 mutual funds have low correlation with GMAQX (below 0.3), 2 of which are negatively correlated. The least correlated is GMO Alternative Allocation Fund (GAAVX) (Multistrategy) with a 1Y correlation of -0.18, down from 0.11 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | -0.18 | 0.11 | — | 89 | Multistrategy | GMAQX vs GAAVX | |
| GMO U.S. Treasury Fund | -0.04 | 0.00 | — | 99 | Government Bonds | GMAQX vs GUSTX | |
| GMO Multi-Sector Fixed Income Fund | 0.02 | 0.13 | — | 90 | Intermediate Core-Plus Bond | GMAQX vs GUGAX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.18 | 0.50 | — | 56 | Foreign Large Cap Equities, Emerging Markets Equities | GMAQX vs GSIYX | |
| The Cook & Bynum Fund | 0.22 | 0.38 | — | 66 | Emerging Markets Equities | GMAQX vs COBYX |
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