Looking to diversify beyond BWDTX? The mutual funds below have historically moved differently from BWDTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BWDTX
3 mutual funds have low correlation with BWDTX (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 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.10 | 0.25 | 0.26 | 99 | Multisector Bonds | BWDTX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.19 | 0.26 | 0.27 | 99 | Multisector Bonds | BWDTX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.21 | 0.28 | 0.32 | 96 | Multisector Bonds | BWDTX vs CBLDX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.41 | 0.35 | 0.38 | 77 | Large Cap Blend Equities, Dividend | BWDTX vs PRDGX | |
| JPMorgan Income Fund Class A | 0.45 | 0.58 | 0.62 | 85 | Multisector Bonds | BWDTX vs JGIAX |
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