Looking to diversify beyond NWKDX? The mutual funds below have the lowest correlation with NWKDX — 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 NWKDX.
Best Diversifiers for NWKDX
5 mutual funds have low correlation with NWKDX (below 0.3), 1 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.04 | 0.01 | -0.04 | 99 | Multisector Bonds | NWKDX vs NWXHX | |
| Nationwide Strategic Income A | 0.09 | 0.05 | -0.02 | 99 | Multisector Bonds | NWKDX vs NWXEX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.19 | 0.56 | 0.74 | 72 | Small Cap Growth Equities | NWKDX vs QISGX | |
| Weitz Short Duration Income Fund | 0.26 | 0.12 | 0.15 | 92 | Short-Term Bond | NWKDX vs WEFIX | |
| Blackstone Alternative Multi-Strategy Fund | 0.28 | 0.35 | 0.42 | 99 | Multistrategy | NWKDX vs BXMIX |
See all 28 diversifiers for NWKDX
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