Looking to diversify beyond LSBDX? The mutual funds below have the lowest correlation with LSBDX — 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 LSBDX.
Best Diversifiers for LSBDX
3 mutual funds have low correlation with LSBDX (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 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.07 | 0.26 | 0.20 | 99 | Multisector Bonds | LSBDX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.17 | 0.28 | 0.21 | 99 | Multisector Bonds | LSBDX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.27 | 0.22 | 0.25 | 97 | Multisector Bonds | LSBDX vs CBLDX | |
| Fidelity Capital & Income Fund | 0.40 | 0.40 | 0.54 | 84 | High Yield Bonds | LSBDX vs FAGIX | |
| Loomis Sayles Small Cap Growth Fund | 0.45 | 0.33 | 0.40 | 65 | Small Cap Growth Equities | LSBDX vs LSSIX |
See all 28 diversifiers for LSBDX
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