Looking to diversify beyond GMOQX? The mutual funds below have historically moved differently from GMOQX, 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 GMOQX
5 mutual funds have low correlation with GMOQX (below 0.3), 1 of which are negatively correlated. The least correlated is GMO Alternative Allocation Fund (GAAVX) (Multistrategy) with a 1Y correlation of -0.06, down from 0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | -0.06 | 0.07 | — | 89 | Multistrategy | GMOQX vs GAAVX | |
| GMO U.S. Treasury Fund | 0.13 | 0.08 | — | 99 | Government Bonds | GMOQX vs GUSTX | |
| GMO Resources Fund | 0.16 | 0.26 | — | 82 | Energy Equities | GMOQX vs GOFIX | |
| GMO Multi-Sector Fixed Income Fund | 0.28 | 0.47 | — | 90 | Intermediate Core-Plus Bond | GMOQX vs GUGAX | |
| GMO Opportunistic Income Fund | 0.29 | 0.39 | — | 98 | Nontraditional Bonds | GMOQX vs GMODX |
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