Looking to diversify beyond NWAUX? The mutual funds below have the lowest correlation with NWAUX — 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 NWAUX.
Best Diversifiers for NWAUX
218 mutual funds have low correlation with NWAUX (below 0.3), 181 of which are negatively correlated. The least correlated is Fidelity OTC Portfolio (FOCPX) (Large Cap Growth Equities) with a 1Y correlation of -0.31, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity OTC Portfolio | -0.31 | 0.46 | 0.57 | 92 | Large Cap Growth Equities | NWAUX vs FOCPX | |
| Nationwide Amundi Strategic Income Fund | -0.26 | 0.00 | -0.03 | 99 | Multisector Bonds | NWAUX vs NWXHX | |
| Nationwide NYSE Arca Tech 100 Index Fund | -0.22 | 0.46 | 0.58 | 81 | Technology Equities | NWAUX vs NWJCX | |
| Payson Total Return Fund | -0.21 | 0.47 | 0.62 | 60 | Large Cap Blend Equities | NWAUX vs PBFDX | |
| Fidelity Leveraged Company Stock Fund Class K | -0.19 | 0.44 | 0.58 | 59 | Large Cap Blend Equities | NWAUX vs FLCKX |
See all 218 diversifiers for NWAUX
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