Looking to diversify beyond GRMRX? The mutual funds below have the lowest correlation with GRMRX — 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 GRMRX.
Best Diversifiers for GRMRX
2 mutual funds have low correlation with GRMRX (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 0.17, up from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.17 | 0.10 | 0.01 | 99 | Multisector Bonds | GRMRX vs NWXHX | |
| Nationwide Strategic Income A | 0.20 | 0.08 | -0.00 | 99 | Multisector Bonds | GRMRX vs NWXEX | |
| Nationwide Small Cap Index Fund | 0.80 | 0.78 | 0.82 | 67 | Small Cap Blend Equities | GRMRX vs GMRAX | |
| WisdomTree Equity Premium Income Fund | 0.85 | 0.87 | 0.84 | 57 | Derivative Income, S&P 500 | GRMRX vs PUTW | |
| Nationwide NYSE Arca Tech 100 Index Fund | 0.88 | 0.90 | 0.92 | 81 | Technology Equities | GRMRX vs NWJCX |
See all 26 diversifiers for GRMRX
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