Looking to diversify beyond NWHVX? The mutual funds below have historically moved differently from NWHVX, 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 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 0.07, roughly unchanged from -0.03 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 | 0.07 | 0.07 | -0.03 | 99 | Multisector Bonds | NWHVX vs NWXHX | |
| Nationwide Strategic Income A | 0.16 | 0.07 | -0.03 | 99 | Multisector Bonds | NWHVX vs NWXEX | |
| Nationwide Loomis Short Term Bond Fund | 0.27 | 0.20 | 0.20 | 84 | Short-Term Bond | NWHVX vs NWJVX | |
| Needham Growth Fund | 0.49 | 0.63 | 0.73 | 56 | Mid Cap Growth Equities | NWHVX vs NEEGX | |
| Needham Growth Fund Institutional Class | 0.49 | 0.63 | 0.74 | 56 | Mid Cap Growth Equities | NWHVX vs NEEIX |
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