Looking to diversify beyond GIIAX? The mutual funds below have historically moved differently from GIIAX, 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 GIIAX
2 mutual funds have low correlation with GIIAX (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 0.24, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.24 | 0.17 | 0.12 | 99 | Multisector Bonds | GIIAX vs NWXHX | |
| Nationwide Strategic Income A | 0.27 | 0.19 | 0.13 | 99 | Multisector Bonds | GIIAX vs NWXEX | |
| Nationwide Loomis Short Term Bond Fund | 0.38 | 0.28 | 0.27 | 89 | Short-Term Bond | GIIAX vs NWJVX | |
| Federated Hermes International Strategic Value Div... | 0.50 | 0.62 | 0.72 | 88 | Foreign Large Cap Equities | GIIAX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.53 | 0.72 | 0.79 | 61 | Foreign Large Cap Equities | GIIAX vs GSINX |
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