Looking to diversify beyond NWWVX? The mutual funds below have the lowest correlation with NWWVX — 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 NWWVX.
Best Diversifiers for NWWVX
2 mutual funds have low correlation with NWWVX (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 | 0.12 | 0.05 | 99 | Multisector Bonds | NWWVX vs NWXHX | |
| Nationwide Strategic Income A | 0.19 | 0.12 | 0.05 | 99 | Multisector Bonds | NWWVX vs NWXEX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.74 | 83 | Target Retirement Date | NWWVX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.80 | 0.76 | 0.75 | 70 | Target Retirement Date | NWWVX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.80 | 0.75 | 0.71 | 70 | Target Retirement Date | NWWVX vs FRIMX |
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