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
23 mutual funds have low correlation with GUGAX (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 -0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | -0.04 | 0.04 | 0.05 | 99 | Government Bonds | GUGAX vs GUSTX | |
| GMO Resources Fund | 0.00 | 0.12 | 0.08 | 71 | Energy Equities | GUGAX vs GOFIX | |
| GMO Emerging Markets ex-China Fund | 0.01 | 0.14 | — | 93 | Emerging Markets Diversified | GUGAX vs GMAQX | |
| GMO Emerging Markets Fund | 0.02 | 0.12 | 0.10 | 89 | Emerging Markets Diversified | GUGAX vs GMOEX | |
| GMO Climate Change Fund | 0.06 | 0.21 | 0.15 | 57 | Global Equities | GUGAX vs GCCHX |
See all 30 diversifiers for GUGAX
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