Looking to diversify beyond GGEIX? The mutual funds below have historically moved differently from GGEIX, 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 GGEIX
4 mutual funds have low correlation with GGEIX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.07, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.07 | 0.45 | 0.58 | 70 | Quality Factor, Global Equities | GGEIX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.20 | 0.38 | 0.52 | 79 | Infrastructure Equities, Global Equities | GGEIX vs CSUAX | |
| Nationwide Strategic Income A | 0.23 | 0.10 | 0.04 | 99 | Multisector Bonds | GGEIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.27 | 0.12 | 0.05 | 99 | Multisector Bonds | GGEIX vs NWXHX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.41 | 0.39 | 0.40 | 90 | Multistrategy, Systematic Trend, Global Equities | GGEIX vs MBXIX |
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