Looking to diversify beyond GGEIX? The mutual funds below have the lowest correlation with GGEIX — 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 GGEIX.
Best Diversifiers for GGEIX
2 mutual funds have low correlation with GGEIX (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 0.12, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.12 | 0.10 | 0.04 | 99 | Multisector Bonds | GGEIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.13 | 0.11 | 0.04 | 99 | Multisector Bonds | GGEIX vs NWXHX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.53 | 0.64 | 0.72 | 81 | Global Equities | GGEIX vs RTXAX | |
| Polaris Global Value Fund | 0.56 | 0.68 | 0.76 | 90 | Global Equities | GGEIX vs PGVFX | |
| Wasatch Global Value Fund Investor Class Shares | 0.62 | 0.58 | 0.68 | 89 | Global Equities | GGEIX vs FMIEX |
See all 24 diversifiers for GGEIX
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