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
209 mutual funds have low correlation with NWAUX (below 0.3), 184 of which are negatively correlated. The least correlated is Fidelity OTC Portfolio (FOCPX) (Large Cap Growth Equities) with a 1Y correlation of -0.37, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity OTC Portfolio | -0.37 | 0.42 | 0.55 | 88 | Large Cap Growth Equities | NWAUX vs FOCPX | |
| Nationwide NYSE Arca Tech 100 Index Fund | -0.29 | 0.42 | 0.56 | 74 | Technology Equities | NWAUX vs NWJCX | |
| Payson Total Return Fund | -0.27 | 0.44 | 0.61 | 58 | Large Cap Blend Equities | NWAUX vs PBFDX | |
| Nationwide Amundi Strategic Income Fund | -0.25 | 0.01 | -0.03 | 99 | Multisector Bonds | NWAUX vs NWXHX | |
| Voya Index Plus LargeCap Portfolio | -0.23 | 0.46 | 0.61 | 69 | Large Cap Blend Equities | NWAUX vs IPLIX |
See all 209 diversifiers for NWAUX
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