Looking to diversify beyond MSTMX? The mutual funds below have the lowest correlation with MSTMX — 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 MSTMX.
Best Diversifiers for MSTMX
2 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 0.15, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.15 | 0.32 | 0.26 | 99 | Multisector Bonds | MSTMX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.24 | 0.33 | 0.25 | 99 | Multisector Bonds | MSTMX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.36 | 0.31 | 0.31 | 97 | Multisector Bonds | MSTMX vs CBLDX | |
| Easterly Income Opportunities Fund | 0.42 | 0.50 | 0.49 | 80 | Multisector Bonds | MSTMX vs JSVIX | |
| Axonic Strategic Income Fund | 0.42 | 0.48 | 0.39 | 93 | Multisector Bonds | MSTMX vs AXSIX |
See all 21 diversifiers for MSTMX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MSTMX
Add MSTMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MSTMX