Looking to diversify beyond MUIFX? The mutual funds below have the lowest correlation with MUIFX — 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 MUIFX.
Best Diversifiers for MUIFX
3 mutual funds have low correlation with MUIFX (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 0.11, up from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.11 | 0.07 | -0.00 | 99 | Multisector Bonds | MUIFX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.13 | 0.09 | 0.01 | 99 | Multisector Bonds | MUIFX vs NWXHX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.26 | 0.14 | 0.12 | 73 | Large Cap Blend Equities | MUIFX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.32 | 0.41 | 72 | Large Cap Blend Equities | MUIFX vs ORDNX | |
| First Eagle Overseas Fund Class I | 0.58 | 0.58 | 0.65 | 57 | Large Cap Blend Equities, Foreign Large Cap Equities | MUIFX vs SGOIX |
See all 43 diversifiers for MUIFX
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