Looking to diversify beyond GUT? The mutual funds below have the lowest correlation with GUT — 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 GUT.
Best Diversifiers for GUT
3 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 0.15, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Gabelli Convertible and Income Securities Fund... | 0.15 | 0.15 | 0.14 | 87 | Convertible Bonds | GUT vs GCV | |
| Duff & Phelps Utility and Infrastructure Fund Inc | 0.20 | 0.24 | 0.25 | 50 | Utilities Equities | GUT vs DPG | |
| The Gabelli Dividend and Income Trust | 0.26 | 0.28 | 0.28 | 51 | Dividend | GUT vs GDV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GUT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GUT and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.22, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.22 | 0.26 | 0.27 | 79 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.28 | 0.24 | 0.25 | 64 | Financial Services |
Build a portfolio that complements GUT
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