Looking to diversify beyond MSTMX? The mutual funds below have historically moved differently from MSTMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MSTMX
1 mutual funds have low correlation with MSTMX (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 0.20, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.20 | 0.32 | 0.26 | 99 | Multisector Bonds | MSTMX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.32 | 0.33 | 0.26 | 99 | Multisector Bonds | MSTMX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.34 | 0.31 | 0.31 | 96 | Multisector Bonds | MSTMX vs CBLDX | |
| Easterly Income Opportunities Fund | 0.40 | 0.49 | 0.49 | 82 | Multisector Bonds | MSTMX vs JSVIX | |
| Oaktree Diversified Income Fund Inc. Class D | 0.43 | 0.49 | — | 98 | Multisector Bonds | MSTMX vs ODIDX |
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