Looking to diversify beyond NWOSX? The mutual funds below have the lowest correlation with NWOSX — 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 NWOSX.
Best Diversifiers for NWOSX
2 mutual funds have low correlation with NWOSX (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 | NWOSX vs NWXHX | |
| Nationwide Strategic Income A | 0.19 | 0.12 | 0.05 | 99 | Multisector Bonds | NWOSX vs NWXEX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 70 | Target Retirement Date | NWOSX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.83 | 0.77 | 0.76 | 70 | Target Retirement Date | NWOSX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.83 | 0.77 | 0.76 | 65 | Target Retirement Date | NWOSX vs FRQIX |
See all 39 diversifiers for NWOSX
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