Looking to diversify beyond HSNIX? The mutual funds below have the lowest correlation with HSNIX — 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 HSNIX.
Best Diversifiers for HSNIX
7 mutual funds have low correlation with HSNIX (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 0.04, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.04 | 0.23 | 0.23 | 99 | Multisector Bonds | HSNIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.11 | 0.26 | 0.24 | 99 | Multisector Bonds | HSNIX vs NWXHX | |
| Fidelity Floating Rate High Income Fund | 0.12 | 0.12 | 0.22 | 92 | Bank Loan | HSNIX vs FFRHX | |
| CrossingBridge Responsible Credit Fund | 0.20 | 0.19 | — | 58 | Multisector Bonds | HSNIX vs CBRDX | |
| Hartford Real Asset Fund | 0.24 | 0.33 | 0.33 | 88 | Global Allocation | HSNIX vs HRLYX |
See all 54 diversifiers for HSNIX
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