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GMO Global Asset Allocation Fund (GMWAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

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 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

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.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GUSTX
GMO U.S. Treasury Fund0.010.060.04
99
Government BondsGMWAX vs GUSTX
GUGAX
GMO Multi-Sector Fixed Income Fund0.250.380.31
83
Intermediate Core-Plus BondGMWAX vs GUGAX
LFMIX
LoCorr Macro Strategies Fund Class I0.260.07-0.06
86
Global AllocationGMWAX vs LFMIX
GMODX
GMO Opportunistic Income Fund0.280.300.20
97
Nontraditional BondsGMWAX vs GMODX
GAAVX
GMO Alternative Allocation Fund0.290.420.44
68
MultistrategyGMWAX vs GAAVX
See all 37 diversifiers for GMWAX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from GMWAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GMWAX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.19, down from 0.50 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BRK-B
Berkshire Hathaway Inc.0.190.360.50
53
Financial Services

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Diversification Analysis

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