Looking to diversify beyond NAMFX? The mutual funds below have the lowest correlation with NAMFX — 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 NAMFX.
Best Diversifiers for NAMFX
6 mutual funds have low correlation with NAMFX (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, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.03 | 0.28 | 0.24 | 99 | Multisector Bonds | NAMFX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.13 | 0.30 | 0.24 | 99 | Multisector Bonds | NAMFX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.13 | 0.17 | — | 68 | Multisector Bonds | NAMFX vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | 0.19 | 0.21 | 0.24 | 97 | Multisector Bonds | NAMFX vs CBLDX | |
| The Merger Fund | 0.20 | 0.13 | 0.14 | 97 | Event Driven | NAMFX vs MERFX |
See all 20 diversifiers for NAMFX
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