Looking to diversify beyond GBOSX? The mutual funds below have historically moved differently from GBOSX, 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 GBOSX
2 mutual funds have low correlation with GBOSX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.26 | 0.34 | 0.34 | 99 | Multisector Bonds | GBOSX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.28 | 0.34 | 0.34 | 99 | Multisector Bonds | GBOSX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.35 | 0.29 | 0.29 | 96 | Multisector Bonds | GBOSX vs CBLDX | |
| Easterly Income Opportunities Fund | 0.47 | 0.59 | 0.56 | 82 | Multisector Bonds | GBOSX vs JSVIX | |
| JPMorgan Equity Income Fund R6 | 0.48 | 0.34 | 0.36 | 89 | Large Cap Value Equities, Dividend | GBOSX vs OIEJX |
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