Looking to diversify beyond NWXEX? The mutual funds below have historically moved differently from NWXEX, 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 NWXEX
64 mutual funds have low correlation with NWXEX (below 0.3), 3 of which are negatively correlated. The least correlated is Easterly Income Opportunities Fund (JSVIX) (Multisector Bonds) with a 1Y correlation of -0.03, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Easterly Income Opportunities Fund | -0.03 | 0.17 | 0.10 | 82 | Multisector Bonds | NWXEX vs JSVIX | |
| Rational Special Situations Income Fund | -0.02 | 0.08 | 0.08 | 98 | Multisector Bonds | NWXEX vs RFXIX | |
| Performance Trust Credit Fund | -0.00 | 0.18 | 0.14 | 63 | Multisector Bonds | NWXEX vs PTCRX | |
| Doubleline Selective Credit Fund | 0.04 | 0.19 | 0.14 | 96 | Multisector Bonds | NWXEX vs DBSCX | |
| Angel Oak Multi-Strategy Income Fund | 0.06 | 0.22 | 0.18 | 96 | Multisector Bonds | NWXEX vs ANGLX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NWXEX
Add NWXEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NWXEX