Looking to diversify beyond NEFZX? The mutual funds below have the lowest correlation with NEFZX — 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 NEFZX.
Best Diversifiers for NEFZX
3 mutual funds have low correlation with NEFZX (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 0.07, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.07 | 0.26 | 0.21 | 99 | Multisector Bonds | NEFZX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.17 | 0.28 | 0.21 | 99 | Multisector Bonds | NEFZX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.26 | 0.23 | — | 58 | Multisector Bonds | NEFZX vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | 0.32 | 0.27 | 0.28 | 97 | Multisector Bonds | NEFZX vs CBLDX | |
| Potomac Managed Volatility Fund | 0.34 | 0.51 | 0.35 | 55 | Multisector Bonds | NEFZX vs CRMVX |
See all 27 diversifiers for NEFZX
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