Looking to diversify beyond IOBZX? The mutual funds below have the lowest correlation with IOBZX — 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 IOBZX.
Best Diversifiers for IOBZX
5 mutual funds have low correlation with IOBZX (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 0.11, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.11 | 0.28 | 0.24 | 99 | Multisector Bonds | IOBZX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.13 | 0.28 | 0.22 | 99 | Multisector Bonds | IOBZX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.19 | 0.24 | — | 68 | Multisector Bonds | IOBZX vs CBRDX | |
| Potomac Managed Volatility Fund | 0.20 | 0.44 | 0.30 | 69 | Multisector Bonds | IOBZX vs CRMVX | |
| CrossingBridge Low Duration High Yield Fund | 0.28 | 0.27 | 0.28 | 97 | Multisector Bonds | IOBZX vs CBLDX |
See all 24 diversifiers for IOBZX
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