Looking to diversify beyond NWAUX? The mutual funds below have historically moved differently from NWAUX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NWAUX
222 mutual funds have low correlation with NWAUX (below 0.3), 188 of which are negatively correlated. The least correlated is Fidelity OTC Portfolio (FOCPX) (Large Cap Growth Equities) with a 1Y correlation of -0.35, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity OTC Portfolio | -0.35 | 0.41 | 0.54 | 76 | Large Cap Growth Equities | NWAUX vs FOCPX | |
| PRIMECAP Odyssey Growth Fund | -0.28 | 0.38 | 0.54 | 89 | Large Cap Blend Equities | NWAUX vs POGRX | |
| Nationwide NYSE Arca Tech 100 Index Fund | -0.28 | 0.41 | 0.55 | 70 | Technology Equities | NWAUX vs NWJCX | |
| Payson Total Return Fund | -0.24 | 0.44 | 0.60 | 63 | Large Cap Blend Equities | NWAUX vs PBFDX | |
| Fidelity SAI Sustainable Sector Fund | -0.22 | 0.48 | — | 76 | Large Cap Blend Equities | NWAUX vs FIDJX |
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