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
5 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 0.13, 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 | 0.13 | 0.16 | 0.17 | 99 | Multisector Bonds | BWG vs NWXEX | |
| CrossingBridge Low Duration High Yield Fund | 0.16 | 0.18 | 0.20 | 97 | Multisector Bonds | BWG vs CBLDX | |
| Nationwide Amundi Strategic Income Fund | 0.21 | 0.19 | 0.18 | 99 | Multisector Bonds | BWG vs NWXHX | |
| Easterly Income Opportunities Fund | 0.24 | 0.29 | 0.28 | 79 | Multisector Bonds | BWG vs JSVIX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.28 | 0.34 | 0.31 | 61 | Emerging Markets Bonds | BWG vs EDF |
See all 34 diversifiers for BWG
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements BWG
Add BWG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BWG