Looking to diversify beyond ANGLX? The mutual funds below have the lowest correlation with ANGLX — 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 ANGLX.
Best Diversifiers for ANGLX
6 mutual funds have low correlation with ANGLX (below 0.3), 1 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.09, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.09 | 0.21 | 0.17 | 99 | Multisector Bonds | ANGLX vs NWXEX | |
| BlackRock Global Equity Market Neutral Fund | 0.01 | 0.01 | -0.01 | 95 | Equity Market Neutral | ANGLX vs BDMAX | |
| Nationwide Amundi Strategic Income Fund | 0.03 | 0.27 | 0.19 | 99 | Multisector Bonds | ANGLX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.04 | 0.11 | — | 58 | Multisector Bonds | ANGLX vs CBRDX | |
| Potomac Managed Volatility Fund | 0.19 | 0.33 | 0.25 | 55 | Multisector Bonds | ANGLX vs CRMVX |
See all 40 diversifiers for ANGLX
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