Looking to diversify beyond NDMAX? The mutual funds below have the lowest correlation with NDMAX — 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 NDMAX.
Best Diversifiers for NDMAX
3 mutual funds have low correlation with NDMAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.02, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.17 | 0.52 | 70 | Diversified Portfolio | NDMAX vs MHELX | |
| Nationwide Amundi Strategic Income Fund | 0.15 | 0.14 | 0.06 | 99 | Multisector Bonds | NDMAX vs NWXHX | |
| Nationwide Strategic Income A | 0.18 | 0.12 | 0.05 | 99 | Multisector Bonds | NDMAX vs NWXEX | |
| Nationwide Loomis Short Term Bond Fund | 0.35 | 0.28 | 0.25 | 76 | Short-Term Bond | NDMAX vs NWJVX | |
| Fidelity Strategic Real Return Fund | 0.38 | 0.58 | 0.63 | 87 | Diversified Portfolio | NDMAX vs FSRRX |
See all 50 diversifiers for NDMAX
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