Looking to diversify beyond NWHLX? The mutual funds below have historically moved differently from NWHLX, 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 NWHLX
2 mutual funds have low correlation with NWHLX (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 0.26, up from 0.11 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 | 0.26 | 0.15 | 0.11 | 99 | Multisector Bonds | NWHLX vs NWXHX | |
| Nationwide Strategic Income A | 0.29 | 0.18 | 0.12 | 99 | Multisector Bonds | NWHLX vs NWXEX | |
| Federated Hermes International Strategic Value Div... | 0.47 | 0.59 | 0.70 | 88 | Foreign Large Cap Equities | NWHLX vs IVFIX | |
| Kopernik International Fund | 0.61 | 0.50 | 0.61 | 66 | Foreign Large Cap Equities | NWHLX vs KGIIX | |
| PIMCO RAE PLUS International Fund | 0.64 | 0.66 | 0.68 | 95 | Foreign Large Cap Equities | NWHLX vs PTSIX |
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