Looking to diversify beyond DINDX? The mutual funds below have the lowest correlation with DINDX — 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 DINDX.
Best Diversifiers for DINDX
14 mutual funds have low correlation with DINDX (below 0.3), 2 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.08, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.08 | 0.24 | 0.25 | 99 | Multisector Bonds | DINDX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | -0.02 | 0.25 | 0.25 | 99 | Multisector Bonds | DINDX vs NWXHX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.02 | -0.03 | -0.09 | 97 | Ultrashort Bond | DINDX vs TSDUX | |
| Morgan Stanley China A Share Fund | 0.06 | 0.07 | 0.10 | 83 | China Equities | DINDX vs CAF | |
| Morgan Stanley Pathway Funds Emerging Markets Equi... | 0.09 | 0.21 | 0.21 | 94 | Emerging Markets Diversified | DINDX vs TEMUX |
See all 24 diversifiers for DINDX
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