Looking to diversify beyond GUGAX? The mutual funds below have the lowest correlation with GUGAX — 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 GUGAX.
Best Diversifiers for GUGAX
20 mutual funds have low correlation with GUGAX (below 0.3), 1 of which are negatively correlated. The least correlated is GMO Resources Fund (GOFIX) (Energy Equities) with a 1Y correlation of -0.04, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Resources Fund | -0.04 | 0.12 | 0.08 | 96 | Energy Equities | GUGAX vs GOFIX | |
| GMO Emerging Markets ex-China Fund | 0.01 | 0.14 | — | 97 | Emerging Markets Diversified | GUGAX vs GMAQX | |
| GMO Emerging Markets Fund | 0.03 | 0.11 | 0.10 | 95 | Emerging Markets Diversified | GUGAX vs GMOEX | |
| GMO U.S. Treasury Fund | 0.05 | 0.03 | 0.05 | 99 | Government Bonds | GUGAX vs GUSTX | |
| GMO U.S. Equity Fund | 0.10 | 0.13 | 0.11 | 90 | Large Cap Value Equities | GUGAX vs GMUEX |
See all 28 diversifiers for GUGAX
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