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
3 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 0.10, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.10 | 0.29 | 0.25 | 99 | Multisector Bonds | MIAQX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.15 | 0.32 | 0.26 | 99 | Multisector Bonds | MIAQX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.29 | 0.26 | 0.29 | 97 | Multisector Bonds | MIAQX vs CBLDX | |
| American Funds New World Fund | 0.42 | 0.35 | 0.41 | 51 | Emerging Markets Diversified | MIAQX vs NEWFX | |
| American Funds The Income Fund of America Class A | 0.46 | 0.48 | 0.48 | 57 | Diversified Portfolio, Dividend | MIAQX vs AMECX |
See all 28 diversifiers for MIAQX
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