Looking to diversify beyond NWCIX? The mutual funds below have historically moved differently from NWCIX, 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 NWCIX
3 mutual funds have low correlation with NWCIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.07 | 0.24 | 0.13 | 99 | Multisector Bonds | NWCIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.11 | 0.25 | 0.14 | 99 | Multisector Bonds | NWCIX vs NWXHX | |
| Nationwide NYSE Arca Tech 100 Index Fund | 0.29 | 0.19 | 0.18 | 70 | Technology Equities | NWCIX vs NWJCX | |
| Holbrook Income Fund Class I | 0.37 | 0.37 | 0.43 | 99 | Intermediate Core-Plus Bond | NWCIX vs HOBIX | |
| Nationwide S&P 500 Index Fund | 0.38 | 0.23 | 0.19 | 58 | S&P 500 | NWCIX vs GRISX |
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