Looking to diversify beyond NWGSX? The mutual funds below have the lowest correlation with NWGSX — 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 NWGSX.
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 0.01, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.01 | 0.06 | 0.01 | 99 | Multisector Bonds | NWGSX vs NWXHX | |
| Nationwide Strategic Income A | 0.09 | 0.08 | 0.02 | 99 | Multisector Bonds | NWGSX vs NWXEX | |
| Nationwide NYSE Arca Tech 100 Index Fund | 0.66 | 0.68 | 0.74 | 81 | Technology Equities | NWGSX vs NWJCX | |
| Auer Growth Fund | 0.67 | 0.70 | 0.73 | 83 | Small Cap Blend Equities | NWGSX vs AUERX | |
| Nationwide S&P 500 Index Fund | 0.68 | 0.70 | 0.77 | 64 | S&P 500 | NWGSX vs GRISX |
See all 35 diversifiers for NWGSX
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