Looking to diversify beyond DBSCX? The mutual funds below have the lowest correlation with DBSCX — 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 DBSCX.
Best Diversifiers for DBSCX
13 mutual funds have low correlation with DBSCX (below 0.3), 3 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.11, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.11 | 0.19 | 0.13 | 99 | Multisector Bonds | DBSCX vs NWXEX | |
| CrossingBridge Responsible Credit Fund | -0.01 | 0.14 | — | 58 | Multisector Bonds | DBSCX vs CBRDX | |
| T. Rowe Price Institutional Floating Rate Fund | -0.00 | 0.14 | 0.13 | 88 | Bank Loan | DBSCX vs RPIFX | |
| AQR Long-Short Equity Fund | 0.05 | -0.05 | -0.10 | 53 | Long-Short | DBSCX vs QLEIX | |
| Nationwide Amundi Strategic Income Fund | 0.05 | 0.23 | 0.16 | 99 | Multisector Bonds | DBSCX vs NWXHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DBSCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DBSCX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.00, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.00 | 0.03 | 0.03 | 76 | Technology |
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