Looking to diversify beyond NWHQX? The mutual funds below have the lowest correlation with NWHQX — 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 NWHQX.
Best Diversifiers for NWHQX
3 mutual funds have low correlation with NWHQX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Loomis Short Term Bond Fund (NWJVX) (Short-Term Bond) with a 1Y correlation of 0.15, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Loomis Short Term Bond Fund | 0.15 | 0.10 | 0.14 | 81 | Short-Term Bond | NWHQX vs NWJVX | |
| Nationwide Amundi Strategic Income Fund | 0.18 | 0.10 | -0.01 | 99 | Multisector Bonds | NWHQX vs NWXHX | |
| Nationwide Strategic Income A | 0.18 | 0.05 | -0.03 | 99 | Multisector Bonds | NWHQX vs NWXEX | |
| ARK Venture Fund | 0.44 | 0.56 | — | 98 | Technology Equities | NWHQX vs ARKVX | |
| Nationwide Bailard Cognitive Value Fund | 0.48 | 0.52 | 0.61 | 71 | Small Cap Value Equities | NWHQX vs NWHFX |
See all 41 diversifiers for NWHQX
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