Looking to diversify beyond NWISX? The mutual funds below have historically moved differently from NWISX, 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 NWISX
2 mutual funds have low correlation with NWISX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.20, up from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.20 | 0.15 | 0.06 | 99 | Multisector Bonds | NWISX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.21 | 0.17 | 0.07 | 99 | Multisector Bonds | NWISX vs NWXHX | |
| Nationwide Mid Cap Market Index Fund | 0.78 | 0.82 | 0.86 | 50 | Mid Cap Blend Equities | NWISX vs GMXAX | |
| Nationwide Small Cap Index Fund | 0.78 | 0.81 | 0.84 | 76 | Small Cap Blend Equities | NWISX vs GMRAX | |
| Nationwide NYSE Arca Tech 100 Index Fund | 0.82 | 0.82 | 0.86 | 70 | Technology Equities | NWISX vs NWJCX |
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