Looking to diversify beyond GMAQX? The mutual funds below have the lowest correlation with GMAQX — 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 GMAQX.
Best Diversifiers for GMAQX
3 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 -0.09, down from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | -0.09 | 0.15 | — | 66 | Multistrategy | GMAQX vs GAAVX | |
| GMO U.S. Treasury Fund | -0.05 | 0.03 | — | 99 | Government Bonds | GMAQX vs GUSTX | |
| GMO Multi-Sector Fixed Income Fund | 0.01 | 0.14 | — | 76 | Intermediate Core-Plus Bond | GMAQX vs GUGAX | |
| GMO Emerging Country Debt Fund Class VI | 0.42 | 0.39 | — | 98 | Emerging Markets Bonds | GMAQX vs GMOQX | |
| GMO Resources Fund | 0.43 | 0.55 | 0.62 | 84 | Energy Equities | GMAQX vs GOFIX |
See all 157 diversifiers for GMAQX
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