Looking to diversify beyond GBIAX? The mutual funds below have the lowest correlation with GBIAX — 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 GBIAX.
Best Diversifiers for GBIAX
7 mutual funds have low correlation with GBIAX (below 0.3), 2 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.15, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.15 | 0.18 | 0.05 | 99 | Multisector Bonds | GBIAX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | -0.04 | 0.22 | 0.07 | 99 | Multisector Bonds | GBIAX vs NWXHX | |
| Nationwide NYSE Arca Tech 100 Index Fund | 0.22 | 0.18 | 0.14 | 78 | Technology Equities | GBIAX vs NWJCX | |
| Nationwide Small Cap Index Fund | 0.23 | 0.23 | 0.14 | 60 | Small Cap Blend Equities | GBIAX vs GMRAX | |
| Nationwide Bailard Cognitive Value Fund | 0.23 | 0.22 | 0.12 | 68 | Small Cap Value Equities | GBIAX vs NWHFX |
See all 16 diversifiers for GBIAX
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