Looking to diversify beyond NWJJX? The mutual funds below have historically moved differently from NWJJX, 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 NWJJX
5 mutual funds have low correlation with NWJJX (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 0.05, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.05 | 0.19 | 0.07 | 99 | Multisector Bonds | NWJJX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.09 | 0.22 | 0.08 | 99 | Multisector Bonds | NWJJX vs NWXHX | |
| Nationwide NYSE Arca Tech 100 Index Fund | 0.23 | 0.17 | 0.14 | 70 | Technology Equities | NWJJX vs NWJCX | |
| Nationwide S&P 500 Index Fund | 0.29 | 0.21 | 0.15 | 58 | S&P 500 | NWJJX vs GRISX | |
| Nationwide Small Cap Index Fund | 0.30 | 0.24 | 0.17 | 76 | Small Cap Blend Equities | NWJJX vs GMRAX |
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