Looking to diversify beyond NWESX? The mutual funds below have the lowest correlation with NWESX — 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 NWESX.
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 0.11, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.11 | 0.18 | 0.08 | 99 | Multisector Bonds | NWESX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.13 | 0.22 | 0.10 | 99 | Multisector Bonds | NWESX vs NWXHX | |
| Nationwide Small Cap Index Fund | 0.76 | 0.73 | 0.75 | 67 | Small Cap Blend Equities | NWESX vs GMRAX | |
| Nationwide NYSE Arca Tech 100 Index Fund | 0.78 | 0.74 | 0.78 | 81 | Technology Equities | NWESX vs NWJCX | |
| Dimensional Retirement Income Fund | 0.83 | 0.89 | 0.88 | 77 | Target Retirement Date | NWESX vs TDIFX |
See all 42 diversifiers for NWESX
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