Looking to diversify beyond NWHFX? The mutual funds below have the lowest correlation with NWHFX — 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 NWHFX.
Best Diversifiers for NWHFX
2 mutual funds have low correlation with NWHFX (below 0.3), 1 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.05 | 0.03 | -0.00 | 99 | Multisector Bonds | NWHFX vs NWXHX | |
| Nationwide Strategic Income A | 0.07 | 0.06 | 0.02 | 99 | Multisector Bonds | NWHFX vs NWXEX | |
| Aegis Value Fund | 0.41 | 0.52 | 0.60 | 94 | Small Cap Value Equities | NWHFX vs AVALX | |
| Nationwide NYSE Arca Tech 100 Index Fund | 0.67 | 0.66 | 0.71 | 81 | Technology Equities | NWHFX vs NWJCX | |
| Nationwide S&P 500 Index Fund | 0.70 | 0.70 | 0.77 | 71 | S&P 500 | NWHFX vs GRISX |
See all 27 diversifiers for NWHFX
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