Looking to diversify beyond GWOAX? The mutual funds below have the lowest correlation with GWOAX — 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 GWOAX.
Best Diversifiers for GWOAX
3 mutual funds have low correlation with GWOAX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.02 | 0.07 | 0.03 | 99 | Government Bonds | GWOAX vs GUSTX | |
| GMO Multi-Sector Fixed Income Fund | 0.17 | 0.24 | 0.18 | 76 | Intermediate Core-Plus Bond | GWOAX vs GUGAX | |
| GMO Alternative Allocation Fund | 0.23 | 0.37 | 0.39 | 66 | Multistrategy | GWOAX vs GAAVX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.46 | 0.54 | 0.62 | 51 | Global Equities | GWOAX vs CSUAX | |
| GMO Emerging Country Debt Fund Class VI | 0.49 | 0.41 | — | 98 | Emerging Markets Bonds | GWOAX vs GMOQX |
See all 105 diversifiers for GWOAX
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