Looking to diversify beyond GUT? The mutual funds below have historically moved differently from GUT, 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 GUT
4 mutual funds have low correlation with GUT (below 0.3), 0 of which are negatively correlated. The least correlated is The Gabelli Convertible and Income Securities Fund Inc (GCV) (Convertible Bonds) with a 1Y correlation of 0.16, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Gabelli Convertible and Income Securities Fund... | 0.16 | 0.16 | 0.14 | 81 | Convertible Bonds | GUT vs GCV | |
| Duff & Phelps Utility and Infrastructure Fund Inc | 0.19 | 0.23 | 0.24 | 84 | Infrastructure Equities, Utilities Equities | GUT vs DPG | |
| Calamos Convertible and High Income Closed Fund | 0.21 | 0.20 | 0.19 | 68 | Convertible Bonds | GUT vs CHY | |
| The Gabelli Dividend and Income Trust | 0.25 | 0.29 | 0.28 | 71 | Dividend | GUT vs GDV |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GUT, 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 Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.18, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.18 | 0.26 | 0.26 | 55 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.24 | 0.26 | 0.25 | 74 | Financial Services | |
| AGNC Investment Corp. | 0.26 | 0.25 | 0.27 | 79 | Real Estate |
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