Looking to diversify beyond NWXEX? The mutual funds below have the lowest correlation with NWXEX — 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 NWXEX.
Best Diversifiers for NWXEX
64 mutual funds have low correlation with NWXEX (below 0.3), 8 of which are negatively correlated. The least correlated is Easterly Income Opportunities Fund (JSVIX) (Multisector Bonds) with a 1Y correlation of -0.15, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Easterly Income Opportunities Fund | -0.15 | 0.16 | 0.09 | 77 | Multisector Bonds | NWXEX vs JSVIX | |
| Performance Trust Credit Fund | -0.15 | 0.17 | 0.13 | 62 | Multisector Bonds | NWXEX vs PTCRX | |
| Doubleline Selective Credit Fund | -0.11 | 0.19 | 0.13 | 94 | Multisector Bonds | NWXEX vs DBSCX | |
| Rational Special Situations Income Fund | -0.10 | 0.07 | 0.07 | 98 | Multisector Bonds | NWXEX vs RFXIX | |
| Angel Oak Multi-Strategy Income Fund | -0.09 | 0.21 | 0.17 | 94 | Multisector Bonds | NWXEX vs ANGLX |
See all 65 diversifiers for NWXEX
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