Looking to diversify beyond NWWVX? The mutual funds below have historically moved differently from NWWVX, 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 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 0.24, 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 | 0.24 | 0.13 | 0.05 | 99 | Multisector Bonds | NWWVX vs NWXHX | |
| Nationwide Strategic Income A | 0.25 | 0.12 | 0.04 | 99 | Multisector Bonds | NWWVX vs NWXEX | |
| Dimensional Retirement Income Fund | 0.80 | 0.78 | 0.75 | 81 | Target Retirement Date | NWWVX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.80 | 0.73 | 0.67 | 53 | Target Retirement Date | NWWVX vs DRIQX | |
| Nationwide Mid Cap Market Index Fund | 0.80 | 0.86 | 0.90 | 50 | Mid Cap Blend Equities | NWWVX vs GMXAX |
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