Looking to diversify beyond MXIIX? The mutual funds below have the lowest correlation with MXIIX — 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 MXIIX.
Best Diversifiers for MXIIX
4 mutual funds have low correlation with MXIIX (below 0.3), 1 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.07, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.07 | 0.15 | 0.11 | 99 | Multisector Bonds | MXIIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.01 | 0.17 | 0.12 | 99 | Multisector Bonds | MXIIX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.18 | 0.21 | 0.20 | 97 | Multisector Bonds | MXIIX vs CBLDX | |
| Touchstone Ultra Short Duration Fixed Income Fund | 0.23 | 0.28 | 0.31 | 99 | Ultrashort Bond | MXIIX vs TSDOX | |
| Touchstone International Equity Fund | 0.40 | 0.30 | 0.32 | 91 | Foreign Large Cap Equities | MXIIX vs SWRLX |
See all 18 diversifiers for MXIIX
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