Looking to diversify beyond GWSAX? The mutual funds below have historically moved differently from GWSAX, 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 GWSAX
4 mutual funds have low correlation with GWSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Gabelli Global Content & Connectivity Fund (GABTX) (Communications Equities) with a 1Y correlation of 0.28, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gabelli Global Content & Connectivity Fund | 0.28 | 0.50 | 0.64 | 59 | Communications Equities | GWSAX vs GABTX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.29 | 0.50 | 0.64 | 58 | Technology Equities | GWSAX vs GTTIX | |
| Bridgeway Aggressive Investors 1 Fund | 0.29 | 0.50 | 0.67 | 55 | Mid Cap Blend Equities | GWSAX vs BRAGX | |
| Paradigm Select Fund | 0.30 | 0.49 | 0.64 | 90 | Mid Cap Blend Equities | GWSAX vs PFSLX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.31 | 0.58 | 0.74 | 69 | Mid Cap Blend Equities | GWSAX vs JECIX |
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