Looking to diversify beyond GRISX? The mutual funds below have historically moved differently from GRISX, 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 GRISX
4 mutual funds have low correlation with GRISX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.23, up from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.23 | 0.07 | -0.00 | 99 | Multisector Bonds | GRISX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.24 | 0.11 | 0.01 | 99 | Multisector Bonds | GRISX vs NWXHX | |
| Nationwide Loomis Short Term Bond Fund | 0.25 | 0.18 | 0.18 | 70 | Short-Term Bond | GRISX vs NWJVX | |
| Edgar Lomax Value Fund | 0.29 | 0.52 | 0.66 | 96 | Large Cap Value Equities | GRISX vs LOMAX | |
| Nationwide Bailard Cognitive Value Fund | 0.67 | 0.70 | 0.77 | 93 | Small Cap Value Equities | GRISX vs NWHFX |
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