Looking to diversify beyond GRISX? The mutual funds below have the lowest correlation with GRISX — 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 GRISX.
Best Diversifiers for GRISX
3 mutual funds have low correlation with GRISX (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 | 0.09 | -0.00 | 99 | Multisector Bonds | GRISX vs NWXHX | |
| Nationwide Strategic Income A | 0.12 | 0.08 | -0.01 | 99 | Multisector Bonds | GRISX vs NWXEX | |
| Nationwide Loomis Short Term Bond Fund | 0.22 | 0.17 | 0.17 | 81 | Short-Term Bond | GRISX vs NWJVX | |
| Edgar Lomax Value Fund | 0.45 | 0.57 | 0.69 | 79 | Large Cap Value Equities | GRISX vs LOMAX | |
| Nationwide Bailard Cognitive Value Fund | 0.70 | 0.70 | 0.77 | 71 | Small Cap Value Equities | GRISX vs NWHFX |
See all 47 diversifiers for GRISX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GRISX
Add GRISX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GRISX