Looking to diversify beyond NWESX? The mutual funds below have historically moved differently from NWESX, 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 NWESX
2 mutual funds have low correlation with NWESX (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 0.21, up from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.21 | 0.19 | 0.08 | 99 | Multisector Bonds | NWESX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.24 | 0.23 | 0.10 | 99 | Multisector Bonds | NWESX vs NWXHX | |
| Nationwide Small Cap Index Fund | 0.76 | 0.73 | 0.75 | 81 | Small Cap Blend Equities | NWESX vs GMRAX | |
| Nationwide Mid Cap Market Index Fund | 0.76 | 0.74 | 0.76 | 58 | Mid Cap Blend Equities | NWESX vs GMXAX | |
| Nationwide NYSE Arca Tech 100 Index Fund | 0.78 | 0.74 | 0.77 | 71 | Technology Equities | NWESX vs NWJCX |
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