Looking to diversify beyond NWAQX? The mutual funds below have the lowest correlation with NWAQX — 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 NWAQX.
Best Diversifiers for NWAQX
2 mutual funds have low correlation with NWAQX (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 0.15, 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 | 0.15 | 0.12 | 0.05 | 99 | Multisector Bonds | NWAQX vs NWXHX | |
| Nationwide Strategic Income A | 0.16 | 0.11 | 0.04 | 99 | Multisector Bonds | NWAQX vs NWXEX | |
| Dimensional Retirement Income Fund | 0.77 | 0.78 | 0.75 | 77 | Target Retirement Date | NWAQX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.83 | 0.77 | 0.75 | 65 | Target Retirement Date | NWAQX vs FRQIX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.83 | 0.76 | 0.75 | 70 | Target Retirement Date | NWAQX vs FRQHX |
See all 45 diversifiers for NWAQX
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