PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

GMO Global Asset Allocation Fund (GMWAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
Documentation

The investment seeks total return greater than that of its benchmark, the GMO Global Asset Allocation Index, an internally maintained index computed by GMO, consisting of 65% MSCI ACWI and 35% Bloomberg U.S. Aggregate Index. Under normal circumstances, GMO intends to invest not more than 85% of the fund's net assets in the Equity Funds. It is permitted to invest in any asset class, including, for example, U.S. and non-U.S. equities (including emerging country equities), U.S. and non-U.S. fixed income securities of any credit quality, or maturity, and commodities.

Looking to diversify beyond GMWAX? The mutual funds below have historically moved differently from GMWAX, 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 GMWAX

5 mutual funds have low correlation with GMWAX (below 0.3), 0 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 0.04 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GUSTX
GMO U.S. Treasury Fund0.010.050.05
99
Government BondsGMWAX vs GUSTX
GAAVX
GMO Alternative Allocation Fund0.210.410.42
89
MultistrategyGMWAX vs GAAVX
GUGAX
GMO Multi-Sector Fixed Income Fund0.210.370.32
90
Intermediate Core-Plus BondGMWAX vs GUGAX
LFMIX
LoCorr Macro Strategies Fund Class I0.230.08-0.07
79
Global AllocationGMWAX vs LFMIX
GMODX
GMO Opportunistic Income Fund0.260.290.20
98
Nontraditional BondsGMWAX vs GMODX
See all 42 diversifiers for GMWAX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for GMWAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.13, down from 0.49 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BRK-B
Berkshire Hathaway Inc.0.130.350.49
61
Financial Services

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements GMWAX

Add GMWAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with GMWAX