Looking to diversify beyond GBONX? The mutual funds below have the lowest correlation with GBONX — 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 GBONX.
Best Diversifiers for GBONX
0 mutual funds have low correlation with GBONX (below 0.3), 0 of which are negatively correlated. The least correlated is Destinations Global Fixed Income Opportunities Fund (DGFFX) (Global Bonds) with a 1Y correlation of 0.47, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Destinations Global Fixed Income Opportunities Fun... | 0.47 | 0.54 | 0.55 | 98 | Global Bonds | GBONX vs DGFFX | |
| JPMorgan Equity Income Fund R6 | 0.47 | 0.32 | 0.34 | 65 | Large Cap Value Equities, Dividend | GBONX vs OIEJX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.54 | 0.68 | 0.61 | 87 | Global Bonds | GBONX vs PRSNX | |
| Dunham International Opportunity Bond Fund | 0.58 | 0.71 | 0.68 | 59 | Global Bonds | GBONX vs DAIOX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | 0.62 | 0.44 | 0.45 | 86 | Global Bonds | GBONX vs DFSHX |
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