Looking to diversify beyond MUIGX? The mutual funds below have the lowest correlation with MUIGX — 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 MUIGX.
Best Diversifiers for MUIGX
3 mutual funds have low correlation with MUIGX (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, up from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.10 | 0.07 | -0.02 | 99 | Multisector Bonds | MUIGX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.11 | 0.10 | -0.01 | 99 | Multisector Bonds | MUIGX vs NWXHX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.29 | 0.17 | 0.15 | 73 | Large Cap Blend Equities | MUIGX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.49 | 0.34 | 0.43 | 72 | Large Cap Blend Equities | MUIGX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.63 | 0.71 | 0.80 | 56 | Large Cap Blend Equities | MUIGX vs RCKSX |
See all 44 diversifiers for MUIGX
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