Looking to diversify beyond NWHVX? The mutual funds below have the lowest correlation with NWHVX — 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 NWHVX.
Best Diversifiers for NWHVX
3 mutual funds have low correlation with NWHVX (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 0.03, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.03 | 0.07 | -0.02 | 99 | Multisector Bonds | NWHVX vs NWXHX | |
| Nationwide Strategic Income A | 0.11 | 0.07 | -0.03 | 99 | Multisector Bonds | NWHVX vs NWXEX | |
| Nationwide Loomis Short Term Bond Fund | 0.25 | 0.20 | 0.20 | 76 | Short-Term Bond | NWHVX vs NWJVX | |
| Essex Environmental Opportunities Fund | 0.48 | 0.65 | 0.74 | 66 | Mid Cap Growth Equities | NWHVX vs EEOFX | |
| Tanaka Growth Fund | 0.49 | 0.62 | 0.70 | 53 | Mid Cap Growth Equities | NWHVX vs TGFRX |
See all 36 diversifiers for NWHVX
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