Looking to diversify beyond NWNSX? The mutual funds below have the lowest correlation with NWNSX — 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 NWNSX.
Best Diversifiers for NWNSX
2 mutual funds have low correlation with NWNSX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of 0.15, up from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.15 | 0.13 | 0.05 | 99 | Multisector Bonds | NWNSX vs NWXHX | |
| Nationwide Strategic Income A | 0.19 | 0.12 | 0.05 | 99 | Multisector Bonds | NWNSX vs NWXEX | |
| Dimensional Retirement Income Fund | 0.77 | 0.80 | 0.75 | 77 | Target Retirement Date | NWNSX vs TDIFX | |
| Nationwide Small Cap Index Fund | 0.83 | 0.85 | 0.88 | 67 | Small Cap Blend Equities | NWNSX vs GMRAX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.83 | 0.78 | 0.77 | 70 | Target Retirement Date | NWNSX vs FRQHX |
See all 42 diversifiers for NWNSX
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