Looking to diversify beyond MXLMX? The mutual funds below have historically moved differently from MXLMX, 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 MXLMX
3 mutual funds have low correlation with MXLMX (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 0.16, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.16 | 0.29 | 0.22 | 99 | Multisector Bonds | MXLMX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.24 | 0.30 | 0.22 | 99 | Multisector Bonds | MXLMX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.25 | 0.26 | 0.25 | 96 | Multisector Bonds | MXLMX vs CBLDX | |
| Great-West Real Estate Index Fund | 0.33 | 0.41 | 0.39 | 79 | REIT | MXLMX vs MXREX | |
| Great-West Emerging Markets Equity Fund | 0.39 | 0.27 | 0.30 | 58 | Emerging Markets Equities | MXLMX vs MXEOX |
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