Looking to diversify beyond GMOEX? The mutual funds below have historically moved differently from GMOEX, 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 GMOEX
4 mutual funds have low correlation with GMOEX (below 0.3), 2 of which are negatively correlated. The least correlated is GMO Alternative Allocation Fund (GAAVX) (Multistrategy) with a 1Y correlation of -0.15, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | -0.15 | 0.16 | 0.23 | 87 | Multistrategy | GMOEX vs GAAVX | |
| GMO U.S. Treasury Fund | -0.03 | 0.00 | 0.03 | 99 | Government Bonds | GMOEX vs GUSTX | |
| GMO Multi-Sector Fixed Income Fund | 0.04 | 0.11 | 0.10 | 76 | Intermediate Core-Plus Bond | GMOEX vs GUGAX | |
| The Cook & Bynum Fund | 0.24 | 0.37 | 0.44 | 62 | Emerging Markets Equities | GMOEX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.43 | 0.60 | 0.66 | 96 | Emerging Markets Equities | GMOEX vs ESCIX |
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