Looking to diversify beyond GMRAX? The mutual funds below have historically moved differently from GMRAX, 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 GMRAX
3 mutual funds have low correlation with GMRAX (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, up from -0.01 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 | 0.14 | 0.07 | -0.01 | 99 | Multisector Bonds | GMRAX vs NWXHX | |
| Nationwide Loomis Short Term Bond Fund | 0.20 | 0.17 | 0.17 | 89 | Short-Term Bond | GMRAX vs NWJVX | |
| Nationwide Strategic Income A | 0.24 | 0.10 | 0.00 | 99 | Multisector Bonds | GMRAX vs NWXEX | |
| DFA International Small Company Portfolio | 0.69 | 0.68 | 0.71 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | GMRAX vs DFISX | |
| Nationwide International Index Fund | 0.70 | 0.68 | 0.71 | 63 | Foreign Large Cap Equities | GMRAX vs GIIAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GMRAX
Add GMRAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GMRAX