Looking to diversify beyond GUGAX? The mutual funds below have historically moved differently from GUGAX, 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 GUGAX
26 mutual funds have low correlation with GUGAX (below 0.3), 2 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of -0.04, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | -0.04 | 0.05 | 0.04 | 99 | Government Bonds | GUGAX vs GUSTX | |
| GMO Resources Fund | -0.02 | 0.11 | 0.09 | 82 | Energy Equities | GUGAX vs GOFIX | |
| GMO Emerging Markets ex-China Fund | 0.02 | 0.13 | — | 87 | Emerging Markets Equities | GUGAX vs GMAQX | |
| GMO Emerging Markets Fund | 0.04 | 0.11 | 0.10 | 81 | Emerging Markets Equities | GUGAX vs GMOEX | |
| GMO Climate Change Fund | 0.04 | 0.19 | 0.16 | 61 | Global Equities | GUGAX vs GCCHX |
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