Looking to diversify beyond MDFIX? The mutual funds below have the lowest correlation with MDFIX — 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 MDFIX.
Best Diversifiers for MDFIX
5 mutual funds have low correlation with MDFIX (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 0.06, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.06 | 0.18 | 0.10 | 99 | Multisector Bonds | MDFIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.08 | 0.21 | 0.10 | 99 | Multisector Bonds | MDFIX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.09 | 0.16 | — | 70 | Multisector Bonds | MDFIX vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | 0.17 | 0.19 | 0.19 | 97 | Multisector Bonds | MDFIX vs CBLDX | |
| Potomac Managed Volatility Fund | 0.20 | 0.44 | 0.28 | 70 | Multisector Bonds | MDFIX vs CRMVX |
See all 20 diversifiers for MDFIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MDFIX
Add MDFIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MDFIX