Looking to diversify beyond NWJCX? The mutual funds below have historically moved differently from NWJCX, 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 NWJCX
3 mutual funds have low correlation with NWJCX (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 0.17, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Loomis Short Term Bond Fund | 0.17 | 0.14 | 0.16 | 89 | Short-Term Bond | NWJCX vs NWJVX | |
| Nationwide Amundi Strategic Income Fund | 0.21 | 0.08 | -0.02 | 99 | Multisector Bonds | NWJCX vs NWXHX | |
| Nationwide Strategic Income A | 0.21 | 0.05 | -0.04 | 99 | Multisector Bonds | NWJCX vs NWXEX | |
| ARK Venture Fund | 0.45 | 0.57 | — | 99 | Technology Equities | NWJCX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.48 | 0.56 | 0.68 | 58 | Technology Equities | NWJCX vs GTTIX |
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