Looking to diversify beyond OWCIX? The mutual funds below have the lowest correlation with OWCIX — 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 OWCIX.
Best Diversifiers for OWCIX
5 mutual funds have low correlation with OWCIX (below 0.3), 1 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.06 | 0.17 | 0.05 | 99 | Multisector Bonds | OWCIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.03 | 0.19 | 0.06 | 99 | Multisector Bonds | OWCIX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.05 | 0.13 | 0.17 | 70 | Multisector Bonds | OWCIX vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | 0.14 | 0.19 | 0.17 | 97 | Multisector Bonds | OWCIX vs CBLDX | |
| Potomac Managed Volatility Fund | 0.21 | 0.48 | 0.29 | 70 | Multisector Bonds | OWCIX vs CRMVX |
See all 20 diversifiers for OWCIX
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