Looking to diversify beyond ECSIX? The mutual funds below have the lowest correlation with ECSIX — 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 ECSIX.
Best Diversifiers for ECSIX
6 mutual funds have low correlation with ECSIX (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 0.02, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.02 | 0.27 | 0.30 | 99 | Multisector Bonds | ECSIX vs NWXEX | |
| CrossingBridge Responsible Credit Fund | 0.11 | 0.14 | — | 70 | Multisector Bonds | ECSIX vs CBRDX | |
| Nationwide Amundi Strategic Income Fund | 0.12 | 0.30 | 0.31 | 99 | Multisector Bonds | ECSIX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.13 | 0.18 | 0.19 | 97 | Multisector Bonds | ECSIX vs CBLDX | |
| Potomac Managed Volatility Fund | 0.24 | 0.44 | 0.32 | 70 | Multisector Bonds | ECSIX vs CRMVX |
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