Looking to diversify beyond NWHFX? The mutual funds below have historically moved differently from NWHFX, 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 NWHFX
2 mutual funds have low correlation with NWHFX (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 0.04, roughly unchanged from -0.01 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 | 0.04 | 0.04 | -0.01 | 99 | Multisector Bonds | NWHFX vs NWXHX | |
| Nationwide Strategic Income A | 0.16 | 0.07 | 0.01 | 99 | Multisector Bonds | NWHFX vs NWXEX | |
| Aegis Value Fund Class I | 0.43 | 0.50 | 0.58 | 94 | Small Cap Value Equities | NWHFX vs AVALX | |
| Nationwide International Index Fund | 0.61 | 0.63 | 0.68 | 58 | Foreign Large Cap Equities | NWHFX vs GIIAX | |
| Nationwide NYSE Arca Tech 100 Index Fund | 0.62 | 0.65 | 0.71 | 67 | Technology Equities | NWHFX vs NWJCX |
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