Looking to diversify beyond FCBYX? The mutual funds below have the lowest correlation with FCBYX — 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 FCBYX.
Best Diversifiers for FCBYX
3 mutual funds have low correlation with FCBYX (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 0.10, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.10 | 0.24 | 0.24 | 99 | Multisector Bonds | FCBYX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.20 | 0.27 | 0.25 | 99 | Multisector Bonds | FCBYX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.28 | 0.24 | 0.24 | 97 | Multisector Bonds | FCBYX vs CBLDX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.38 | 0.26 | 0.27 | 68 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FCBYX vs QQQX | |
| Nuveen Mid Cap Value Fund | 0.39 | 0.28 | 0.24 | 79 | Mid Cap Value Equities | FCBYX vs FASEX |
See all 24 diversifiers for FCBYX
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