Looking to diversify beyond NWCIX? The mutual funds below have the lowest correlation with NWCIX — 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 NWCIX.
Best Diversifiers for NWCIX
2 mutual funds have low correlation with NWCIX (below 0.3), 1 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.10, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.10 | 0.22 | 0.12 | 99 | Multisector Bonds | NWCIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.02 | 0.25 | 0.13 | 99 | Multisector Bonds | NWCIX vs NWXHX | |
| Nationwide NYSE Arca Tech 100 Index Fund | 0.32 | 0.21 | 0.18 | 81 | Technology Equities | NWCIX vs NWJCX | |
| Nationwide Small Cap Index Fund | 0.36 | 0.28 | 0.20 | 67 | Small Cap Blend Equities | NWCIX vs GMRAX | |
| Holbrook Income Fund Class I | 0.37 | 0.39 | 0.43 | 98 | Intermediate Core-Plus Bond | NWCIX vs HOBIX |
See all 14 diversifiers for NWCIX
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