Looking to diversify beyond GZIRX? The mutual funds below have the lowest correlation with GZIRX — 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 GZIRX.
Best Diversifiers for GZIRX
8 mutual funds have low correlation with GZIRX (below 0.3), 3 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.11, roughly unchanged from -0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.11 | -0.15 | — | 99 | Nontraditional Bonds | GZIRX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.08 | — | — | 100 | Nontraditional Bonds | GZIRX vs CBYYX | |
| Putnam Mortgage Opportunities Fund | -0.01 | 0.01 | 0.11 | 74 | Nontraditional Bonds | GZIRX vs PMOTX | |
| PGIM Securitized Credit Fund | 0.03 | 0.01 | 0.08 | 99 | Nontraditional Bonds | GZIRX vs SCFZX | |
| Nationwide Amundi Strategic Income Fund | 0.08 | 0.24 | 0.24 | 99 | Multisector Bonds | GZIRX vs NWXHX |
See all 21 diversifiers for GZIRX
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