Looking to diversify beyond BWG? The mutual funds below have the lowest correlation with BWG — 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 BWG.
Best Diversifiers for BWG
8 mutual funds have low correlation with BWG (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 0.12, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.12 | 0.16 | 0.17 | 99 | Multisector Bonds | BWG vs NWXEX | |
| Potomac Managed Volatility Fund | 0.17 | 0.36 | 0.22 | 55 | Multisector Bonds | BWG vs CRMVX | |
| CrossingBridge Low Duration High Yield Fund | 0.18 | 0.20 | 0.20 | 97 | Multisector Bonds | BWG vs CBLDX | |
| CrossingBridge Responsible Credit Fund | 0.21 | 0.20 | — | 58 | Multisector Bonds | BWG vs CBRDX | |
| Nationwide Amundi Strategic Income Fund | 0.21 | 0.20 | 0.18 | 99 | Multisector Bonds | BWG vs NWXHX |
See all 35 diversifiers for BWG
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