Looking to diversify beyond NTDSX? The mutual funds below have the lowest correlation with NTDSX — 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 NTDSX.
Best Diversifiers for NTDSX
2 mutual funds have low correlation with NTDSX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of 0.16, up from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.16 | 0.13 | 0.05 | 99 | Multisector Bonds | NTDSX vs NWXHX | |
| Nationwide Strategic Income A | 0.20 | 0.12 | 0.05 | 99 | Multisector Bonds | NTDSX vs NWXEX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 77 | Target Retirement Date | NTDSX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.83 | 0.77 | 0.76 | 65 | Target Retirement Date | NTDSX vs FRQIX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.83 | 0.77 | 0.76 | 70 | Target Retirement Date | NTDSX vs FRQHX |
See all 47 diversifiers for NTDSX
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