Looking to diversify beyond NWOSX? The mutual funds below have historically moved differently from NWOSX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.25, up from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.25 | 0.14 | 0.05 | 99 | Multisector Bonds | NWOSX vs NWXHX | |
| Nationwide Strategic Income A | 0.25 | 0.13 | 0.05 | 99 | Multisector Bonds | NWOSX vs NWXEX | |
| Nationwide Mid Cap Market Index Fund | 0.80 | 0.86 | 0.89 | 50 | Mid Cap Blend Equities | NWOSX vs GMXAX | |
| Dimensional Retirement Income Fund | 0.80 | 0.79 | 0.75 | 81 | Target Retirement Date | NWOSX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.81 | 0.74 | 0.67 | 53 | Target Retirement Date | NWOSX vs DRIQX |
To view more results, upgrade your current subscription plan.
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