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 Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.09 | 0.12 | 0.04 | 99 | Multisector Bonds | NWOSX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.10 | 0.12 | 0.04 | 99 | Multisector Bonds | NWOSX vs NWXHX | |
| Dimensional Retirement Income Fund | 0.74 | 0.79 | 0.75 | 83 | Target Retirement Date | NWOSX vs TDIFX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 85 | Target Retirement Date | NWOSX vs PDAHX | |
| Nationwide Small Cap Index Fund | 0.82 | 0.85 | 0.88 | 62 | Small Cap Blend Equities | NWOSX vs GMRAX |
See all 35 diversifiers for NWOSX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NWOSX
Add NWOSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NWOSX