Looking to diversify beyond GBOSX? The mutual funds below have the lowest correlation with GBOSX — 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 GBOSX.
Best Diversifiers for GBOSX
2 mutual funds have low correlation with GBOSX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of 0.22, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.22 | 0.34 | 0.34 | 99 | Multisector Bonds | GBOSX vs NWXHX | |
| Nationwide Strategic Income A | 0.22 | 0.34 | 0.35 | 99 | Multisector Bonds | GBOSX vs NWXEX | |
| CrossingBridge Low Duration High Yield Fund | 0.33 | 0.27 | 0.29 | 97 | Multisector Bonds | GBOSX vs CBLDX | |
| Easterly Income Opportunities Fund | 0.47 | 0.60 | 0.56 | 80 | Multisector Bonds | GBOSX vs JSVIX | |
| JPMorgan Equity Income Fund R6 | 0.48 | 0.34 | 0.36 | 82 | Large Cap Value Equities, Dividend | GBOSX vs OIEJX |
See all 20 diversifiers for GBOSX
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