Looking to diversify beyond NWLSX? The mutual funds below have the lowest correlation with NWLSX — 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 NWLSX.
Best Diversifiers for NWLSX
2 mutual funds have low correlation with NWLSX (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 0.09, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.09 | 0.13 | 0.05 | 99 | Multisector Bonds | NWLSX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.09 | 0.14 | 0.06 | 99 | Multisector Bonds | NWLSX vs NWXHX | |
| Dimensional Retirement Income Fund | 0.76 | 0.83 | 0.79 | 83 | Target Retirement Date | NWLSX vs TDIFX | |
| Nationwide Small Cap Index Fund | 0.81 | 0.83 | 0.86 | 62 | Small Cap Blend Equities | NWLSX vs GMRAX | |
| Fidelity Freedom Income Fund Class K | 0.84 | 0.80 | 0.76 | 75 | Target Retirement Date | NWLSX vs FNSHX |
See all 69 diversifiers for NWLSX
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