Looking to diversify beyond MOFIX? The mutual funds below have the lowest correlation with MOFIX — 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 MOFIX.
Best Diversifiers for MOFIX
4 mutual funds have low correlation with MOFIX (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 0.17, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.17 | 0.30 | 0.27 | 99 | Multisector Bonds | MOFIX vs NWXEX | |
| Potomac Managed Volatility Fund | 0.22 | 0.43 | 0.29 | 54 | Multisector Bonds | MOFIX vs CRMVX | |
| Nationwide Amundi Strategic Income Fund | 0.25 | 0.31 | 0.28 | 99 | Multisector Bonds | MOFIX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.26 | 0.24 | — | 58 | Multisector Bonds | MOFIX vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | 0.33 | 0.30 | 0.30 | 97 | Multisector Bonds | MOFIX vs CBLDX |
See all 43 diversifiers for MOFIX
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