Looking to diversify beyond GMWAX? The mutual funds below have the lowest correlation with GMWAX — 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 GMWAX.
Best Diversifiers for GMWAX
4 mutual funds have low correlation with GMWAX (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 -0.07, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | -0.07 | 0.06 | 0.03 | 99 | Government Bonds | GMWAX vs GUSTX | |
| LoCorr Macro Strategies Fund Class I | 0.22 | 0.06 | -0.06 | 88 | Global Allocation | GMWAX vs LFMIX | |
| GMO Opportunistic Income Fund | 0.24 | 0.27 | 0.18 | 97 | Nontraditional Bonds | GMWAX vs GMODX | |
| GMO Multi-Sector Fixed Income Fund | 0.27 | 0.38 | 0.31 | 67 | Intermediate Core-Plus Bond | GMWAX vs GUGAX | |
| GMO Alternative Allocation Fund | 0.36 | 0.44 | 0.45 | 66 | Multistrategy | GMWAX vs GAAVX |
See all 37 diversifiers for GMWAX
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