Looking to diversify beyond GMGEX? The mutual funds below have historically moved differently from GMGEX, 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 GMGEX
5 mutual funds have low correlation with GMGEX (below 0.3), 1 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | -0.01 | 0.04 | 0.03 | 99 | Government Bonds | GMGEX vs GUSTX | |
| GMO Alternative Allocation Fund | 0.10 | 0.34 | 0.37 | 89 | Multistrategy | GMGEX vs GAAVX | |
| GMO Multi-Sector Fixed Income Fund | 0.13 | 0.22 | 0.19 | 90 | Intermediate Core-Plus Bond | GMGEX vs GUGAX | |
| GMO Opportunistic Income Fund | 0.17 | 0.15 | 0.08 | 98 | Nontraditional Bonds | GMGEX vs GMODX | |
| GQG Partners Global Quality Dividend Income Fund | 0.25 | 0.58 | 0.68 | 70 | Quality Factor, Global Equities | GMGEX vs GQFPX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GMGEX
Add GMGEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GMGEX