Looking to diversify beyond MZLSX? The mutual funds below have the lowest correlation with MZLSX — 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 MZLSX.
Best Diversifiers for MZLSX
6 mutual funds have low correlation with MZLSX (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 0.09, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.09 | 0.28 | 0.31 | 99 | Multisector Bonds | MZLSX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.11 | 0.29 | 0.30 | 99 | Multisector Bonds | MZLSX vs NWXHX | |
| Potomac Managed Volatility Fund | 0.18 | 0.33 | 0.24 | 69 | Multisector Bonds | MZLSX vs CRMVX | |
| CrossingBridge Responsible Credit Fund | 0.22 | 0.23 | — | 68 | Multisector Bonds | MZLSX vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | 0.23 | 0.29 | 0.30 | 97 | Multisector Bonds | MZLSX vs CBLDX |
See all 40 diversifiers for MZLSX
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