Looking to diversify beyond BWDTX? The mutual funds below have the lowest correlation with BWDTX — 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 BWDTX.
Best Diversifiers for BWDTX
5 mutual funds have low correlation with BWDTX (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 -0.03, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.03 | 0.25 | 0.26 | 99 | Multisector Bonds | BWDTX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.10 | 0.27 | 0.27 | 99 | Multisector Bonds | BWDTX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.15 | 0.22 | — | 58 | Multisector Bonds | BWDTX vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | 0.23 | 0.27 | 0.32 | 97 | Multisector Bonds | BWDTX vs CBLDX | |
| Potomac Managed Volatility Fund | 0.24 | 0.43 | 0.31 | 55 | Multisector Bonds | BWDTX vs CRMVX |
See all 46 diversifiers for BWDTX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements BWDTX
Add BWDTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BWDTX