Looking to diversify beyond JIPIX? The mutual funds below have the lowest correlation with JIPIX — 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 JIPIX.
Best Diversifiers for JIPIX
5 mutual funds have low correlation with JIPIX (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 0.07, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.07 | 0.28 | 0.22 | 99 | Multisector Bonds | JIPIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.14 | 0.32 | 0.23 | 99 | Multisector Bonds | JIPIX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.16 | 0.19 | — | 70 | Multisector Bonds | JIPIX vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | 0.28 | 0.24 | 0.26 | 97 | Multisector Bonds | JIPIX vs CBLDX | |
| Potomac Managed Volatility Fund | 0.30 | 0.51 | 0.32 | 70 | Multisector Bonds | JIPIX vs CRMVX |
See all 22 diversifiers for JIPIX
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