Looking to diversify beyond NWISX? The mutual funds below have the lowest correlation with NWISX — 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 NWISX.
Best Diversifiers for NWISX
2 mutual funds have low correlation with NWISX (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 0.13, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.13 | 0.16 | 0.07 | 99 | Multisector Bonds | NWISX vs NWXHX | |
| Nationwide Strategic Income A | 0.15 | 0.15 | 0.07 | 99 | Multisector Bonds | NWISX vs NWXEX | |
| Nationwide Small Cap Index Fund | 0.79 | 0.81 | 0.84 | 67 | Small Cap Blend Equities | NWISX vs GMRAX | |
| Dimensional Retirement Income Fund | 0.82 | 0.86 | 0.82 | 77 | Target Retirement Date | NWISX vs TDIFX | |
| Nationwide NYSE Arca Tech 100 Index Fund | 0.83 | 0.83 | 0.86 | 81 | Technology Equities | NWISX vs NWJCX |
See all 62 diversifiers for NWISX
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