Looking to diversify beyond GBONX? The mutual funds below have historically moved differently from GBONX, 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 GBONX
1 mutual funds have low correlation with GBONX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.27, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.27 | 0.09 | 0.19 | 100 | Global Bonds | GBONX vs DFGFX | |
| JPMorgan Equity Income Fund R6 | 0.49 | 0.35 | 0.34 | 89 | Large Cap Value Equities, Dividend | GBONX vs OIEJX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.56 | 0.57 | 0.56 | 98 | Global Bonds | GBONX vs DGFFX | |
| Payden Global Low Duration Fund | 0.61 | 0.61 | 0.57 | 89 | Global Bonds | GBONX vs PYGSX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.61 | 0.67 | 0.61 | 75 | Global Bonds | GBONX vs PRSNX |
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