Looking to diversify beyond NWGSX? The mutual funds below have historically moved differently from NWGSX, 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 NWGSX
2 mutual funds have low correlation with NWGSX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.05 | 0.06 | 0.00 | 99 | Multisector Bonds | NWGSX vs NWXHX | |
| Nationwide Strategic Income A | 0.14 | 0.08 | 0.01 | 99 | Multisector Bonds | NWGSX vs NWXEX | |
| DFA International Small Company Portfolio | 0.58 | 0.60 | 0.65 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | NWGSX vs DFISX | |
| Nationwide International Index Fund | 0.60 | 0.61 | 0.66 | 63 | Foreign Large Cap Equities | NWGSX vs GIIAX | |
| Auer Growth Fund | 0.62 | 0.68 | 0.72 | 91 | Small Cap Blend Equities | NWGSX vs AUERX |
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