Looking to diversify beyond IOFIX? The mutual funds below have historically moved differently from IOFIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IOFIX
5 mutual funds have low correlation with IOFIX (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 0.01, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.01 | 0.06 | 0.07 | 99 | Multisector Bonds | IOFIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.03 | 0.06 | 0.07 | 99 | Multisector Bonds | IOFIX vs NWXHX | |
| AlphaCentric Symmetry Strategy Fund Class I | 0.08 | 0.12 | 0.08 | 82 | Multistrategy | IOFIX vs SYMIX | |
| LoCorr Spectrum Income Fund | 0.15 | 0.15 | 0.10 | 55 | Diversified Portfolio | IOFIX vs LSPIX | |
| CrossingBridge Low Duration High Yield Fund | 0.19 | 0.13 | 0.12 | 96 | Multisector Bonds | IOFIX vs CBLDX |
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