Looking to diversify beyond MIAQX? The mutual funds below have the lowest correlation with MIAQX — 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 MIAQX.
Best Diversifiers for MIAQX
5 mutual funds have low correlation with MIAQX (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 0.03, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.03 | 0.28 | 0.25 | 99 | Multisector Bonds | MIAQX vs NWXEX | |
| CrossingBridge Responsible Credit Fund | 0.12 | 0.19 | — | 58 | Multisector Bonds | MIAQX vs CBRDX | |
| Nationwide Amundi Strategic Income Fund | 0.12 | 0.31 | 0.26 | 99 | Multisector Bonds | MIAQX vs NWXHX | |
| Potomac Managed Volatility Fund | 0.27 | 0.50 | 0.35 | 55 | Multisector Bonds | MIAQX vs CRMVX | |
| CrossingBridge Low Duration High Yield Fund | 0.28 | 0.26 | 0.28 | 97 | Multisector Bonds | MIAQX vs CBLDX |
See all 28 diversifiers for MIAQX
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