Looking to diversify beyond NIFAX? The mutual funds below have the lowest correlation with NIFAX — 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 NIFAX.
Best Diversifiers for NIFAX
6 mutual funds have low correlation with NIFAX (below 0.3), 1 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.12, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.12 | 0.19 | 0.06 | 99 | Multisector Bonds | NIFAX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.00 | 0.23 | 0.09 | 99 | Multisector Bonds | NIFAX vs NWXHX | |
| Nationwide NYSE Arca Tech 100 Index Fund | 0.17 | 0.14 | 0.14 | 81 | Technology Equities | NIFAX vs NWJCX | |
| Nationwide Small Cap Index Fund | 0.20 | 0.20 | 0.15 | 67 | Small Cap Blend Equities | NIFAX vs GMRAX | |
| Nationwide S&P 500 Index Fund | 0.22 | 0.18 | 0.15 | 64 | S&P 500 | NIFAX vs GRISX |
See all 15 diversifiers for NIFAX
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