Looking to diversify beyond NWJJX? The mutual funds below have the lowest correlation with NWJJX — 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 NWJJX.
Best Diversifiers for NWJJX
5 mutual funds have low correlation with NWJJX (below 0.3), 2 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.11, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.11 | 0.18 | 0.06 | 99 | Multisector Bonds | NWJJX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | -0.00 | 0.22 | 0.07 | 99 | Multisector Bonds | NWJJX vs NWXHX | |
| Nationwide NYSE Arca Tech 100 Index Fund | 0.25 | 0.18 | 0.14 | 81 | Technology Equities | NWJJX vs NWJCX | |
| Nationwide S&P 500 Index Fund | 0.28 | 0.21 | 0.14 | 64 | S&P 500 | NWJJX vs GRISX | |
| Nationwide Small Cap Index Fund | 0.29 | 0.24 | 0.15 | 67 | Small Cap Blend Equities | NWJJX vs GMRAX |
See all 9 diversifiers for NWJJX
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