Looking to diversify beyond GSCMX? The mutual funds below have the lowest correlation with GSCMX — 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 GSCMX.
Best Diversifiers for GSCMX
5 mutual funds have low correlation with GSCMX (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 0.08, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.08 | 0.30 | 0.28 | 99 | Multisector Bonds | GSCMX vs NWXEX | |
| CrossingBridge Responsible Credit Fund | 0.14 | 0.21 | — | 58 | Multisector Bonds | GSCMX vs CBRDX | |
| Nationwide Amundi Strategic Income Fund | 0.18 | 0.32 | 0.28 | 99 | Multisector Bonds | GSCMX vs NWXHX | |
| Potomac Managed Volatility Fund | 0.24 | 0.46 | 0.34 | 55 | Multisector Bonds | GSCMX vs CRMVX | |
| CrossingBridge Low Duration High Yield Fund | 0.24 | 0.26 | 0.30 | 97 | Multisector Bonds | GSCMX vs CBLDX |
See all 24 diversifiers for GSCMX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GSCMX
Add GSCMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GSCMX