Looking to diversify beyond GMXAX? The mutual funds below have the lowest correlation with GMXAX — 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 GMXAX.
Best Diversifiers for GMXAX
3 mutual funds have low correlation with GMXAX (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 0.09, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.09 | 0.07 | 0.00 | 99 | Multisector Bonds | GMXAX vs NWXHX | |
| Nationwide Strategic Income A | 0.13 | 0.09 | 0.01 | 99 | Multisector Bonds | GMXAX vs NWXEX | |
| Nationwide Loomis Short Term Bond Fund | 0.24 | 0.18 | 0.16 | 81 | Short-Term Bond | GMXAX vs NWJVX | |
| Nationwide Bailard International Equities Fund | 0.68 | 0.68 | 0.73 | 62 | Foreign Large Cap Equities | GMXAX vs NWHLX | |
| Nationwide Investor Destinations Conservative Fund | 0.71 | 0.62 | 0.63 | 56 | Diversified Portfolio | GMXAX vs NDCAX |
See all 42 diversifiers for GMXAX
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