Looking to diversify beyond NSTAX? The mutual funds below have the lowest correlation with NSTAX — 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 NSTAX.
Best Diversifiers for NSTAX
5 mutual funds have low correlation with NSTAX (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 0.01, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.01 | 0.27 | 0.24 | 99 | Multisector Bonds | NSTAX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.12 | 0.32 | 0.25 | 99 | Multisector Bonds | NSTAX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.13 | 0.17 | — | 58 | Multisector Bonds | NSTAX vs CBRDX | |
| Potomac Managed Volatility Fund | 0.25 | 0.47 | 0.30 | 55 | Multisector Bonds | NSTAX vs CRMVX | |
| CrossingBridge Low Duration High Yield Fund | 0.25 | 0.24 | 0.26 | 97 | Multisector Bonds | NSTAX vs CBLDX |
See all 16 diversifiers for NSTAX
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