Looking to diversify beyond APIUX? The mutual funds below have the lowest correlation with APIUX — 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 APIUX.
Best Diversifiers for APIUX
3 mutual funds have low correlation with APIUX (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 0.10, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.10 | 0.27 | 0.22 | 99 | Multisector Bonds | APIUX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.14 | 0.29 | 0.22 | 99 | Multisector Bonds | APIUX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.22 | 0.21 | 0.24 | 97 | Multisector Bonds | APIUX vs CBLDX | |
| Intrepid Income Fund | 0.53 | 0.51 | 0.49 | 97 | Multisector Bonds | APIUX vs ICMUX | |
| Easterly Income Opportunities Fund | 0.56 | 0.71 | 0.65 | 80 | Multisector Bonds | APIUX vs JSVIX |
See all 18 diversifiers for APIUX
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