Looking to diversify beyond MXLMX? The mutual funds below have the lowest correlation with MXLMX — 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 MXLMX.
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 0.10, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.10 | 0.29 | 0.22 | 99 | Multisector Bonds | MXLMX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.18 | 0.30 | 0.21 | 99 | Multisector Bonds | MXLMX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.26 | 0.25 | 0.25 | 97 | Multisector Bonds | MXLMX vs CBLDX | |
| Intrepid Income Fund | 0.58 | 0.51 | 0.49 | 97 | Multisector Bonds | MXLMX vs ICMUX | |
| Rational Special Situations Income Fund | 0.62 | 0.56 | 0.53 | 98 | Multisector Bonds | MXLMX vs RFXIX |
See all 11 diversifiers for MXLMX
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