Looking to diversify beyond NSTLX? The mutual funds below have the lowest correlation with NSTLX — 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 NSTLX.
Best Diversifiers for NSTLX
7 mutual funds have low correlation with NSTLX (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 -0.03, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.03 | 0.27 | 0.22 | 99 | Multisector Bonds | NSTLX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.09 | 0.31 | 0.24 | 99 | Multisector Bonds | NSTLX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.09 | 0.14 | 0.27 | 68 | Multisector Bonds | NSTLX vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | 0.20 | 0.21 | 0.25 | 97 | Multisector Bonds | NSTLX vs CBLDX | |
| Neuberger Berman Emerging Markets Equity Fund | 0.22 | 0.20 | 0.30 | 53 | Emerging Markets Diversified | NSTLX vs NEMIX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NSTLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NSTLX and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.06 | 0.20 | 0.20 | 62 | Communication Services | |
| The Coca-Cola Company | 0.14 | 0.14 | 0.18 | 63 | Consumer Defensive | |
| Johnson & Johnson | 0.16 | 0.16 | 0.18 | 92 | Healthcare | |
| JPMorgan Chase & Co. | 0.17 | 0.10 | 0.19 | 60 | Financial Services | |
| The Toronto-Dominion Bank | 0.34 | 0.26 | 0.30 | 98 | Financial Services |
Build a portfolio that complements NSTLX
Add NSTLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NSTLX