Looking to diversify beyond MXIIX? The mutual funds below have historically moved differently from MXIIX, 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 MXIIX
4 mutual funds have low correlation with MXIIX (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 0.03, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.03 | 0.15 | 0.12 | 99 | Multisector Bonds | MXIIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.06 | 0.17 | 0.12 | 99 | Multisector Bonds | MXIIX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.18 | 0.22 | 0.20 | 96 | Multisector Bonds | MXIIX vs CBLDX | |
| Touchstone Ultra Short Duration Fixed Income Fund | 0.26 | 0.28 | 0.31 | 99 | Ultrashort Bond | MXIIX vs TSDOX | |
| Touchstone Large Cap Fund | 0.34 | 0.28 | 0.27 | 66 | Large Cap Blend Equities | MXIIX vs TLCIX |
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