Looking to diversify beyond IOFIX? The mutual funds below have the lowest correlation with IOFIX — 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 IOFIX.
Best Diversifiers for IOFIX
9 mutual funds have low correlation with IOFIX (below 0.3), 2 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.16, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.16 | 0.05 | 0.06 | 99 | Multisector Bonds | IOFIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | -0.08 | 0.05 | 0.06 | 99 | Multisector Bonds | IOFIX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.08 | 0.06 | — | 70 | Multisector Bonds | IOFIX vs CBRDX | |
| Potomac Managed Volatility Fund | 0.08 | 0.25 | 0.19 | 70 | Multisector Bonds | IOFIX vs CRMVX | |
| CrossingBridge Low Duration High Yield Fund | 0.13 | 0.11 | 0.11 | 97 | Multisector Bonds | IOFIX vs CBLDX |
See all 25 diversifiers for IOFIX
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