Looking to diversify beyond NIFAX? The mutual funds below have historically moved differently from NIFAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NIFAX
8 mutual funds have low correlation with NIFAX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of 0.01, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | 0.01 | 0.25 | 0.30 | 86 | Inflation-Protected Bonds | NIFAX vs SEIAX | |
| Nationwide Strategic Income A | 0.03 | 0.21 | 0.08 | 99 | Multisector Bonds | NIFAX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.11 | 0.24 | 0.10 | 99 | Multisector Bonds | NIFAX vs NWXHX | |
| Nationwide NYSE Arca Tech 100 Index Fund | 0.18 | 0.14 | 0.14 | 70 | Technology Equities | NIFAX vs NWJCX | |
| Nationwide Small Cap Index Fund | 0.22 | 0.20 | 0.17 | 76 | Small Cap Blend Equities | NIFAX vs GMRAX |
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