Looking to diversify beyond NWXHX? The mutual funds below have the lowest correlation with NWXHX — 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 NWXHX.
Best Diversifiers for NWXHX
87 mutual funds have low correlation with NWXHX (below 0.3), 6 of which are negatively correlated. The least correlated is Rational Special Situations Income Fund (RFXIX) (Multisector Bonds) with a 1Y correlation of -0.07, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rational Special Situations Income Fund | -0.07 | 0.06 | 0.06 | 98 | Multisector Bonds | NWXHX vs RFXIX | |
| Easterly Income Opportunities Fund | -0.06 | 0.17 | 0.10 | 77 | Multisector Bonds | NWXHX vs JSVIX | |
| Pioneer Multi-Asset Ultrashort Income Fund | -0.04 | 0.13 | 0.18 | 98 | Ultrashort Bond | NWXHX vs MYFRX | |
| Potomac Managed Volatility Fund | -0.03 | 0.14 | 0.09 | 54 | Multisector Bonds | NWXHX vs CRMVX | |
| GMO Opportunistic Income Fund | -0.03 | 0.20 | 0.14 | 97 | Nontraditional Bonds | NWXHX vs GMODX |
See all 88 diversifiers for NWXHX
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