Looking to diversify beyond GIIAX? The mutual funds below have the lowest correlation with GIIAX — 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 GIIAX.
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 0.14, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.14 | 0.17 | 0.12 | 99 | Multisector Bonds | GIIAX vs NWXHX | |
| Nationwide Strategic Income A | 0.19 | 0.19 | 0.13 | 99 | Multisector Bonds | GIIAX vs NWXEX | |
| Nationwide Loomis Short Term Bond Fund | 0.38 | 0.29 | 0.26 | 81 | Short-Term Bond | GIIAX vs NWJVX | |
| Kopernik International Fund | 0.62 | 0.52 | 0.63 | 54 | Foreign Large Cap Equities | GIIAX vs KGIIX | |
| Thornburg Global Opportunities Fund | 0.64 | 0.72 | 0.78 | 91 | Foreign Large Cap Equities | GIIAX vs THOIX |
See all 43 diversifiers for GIIAX
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