Looking to diversify beyond RFXIX? The mutual funds below have historically moved differently from RFXIX, 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 RFXIX
8 mutual funds have low correlation with RFXIX (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 -0.02, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.02 | 0.08 | 0.08 | 99 | Multisector Bonds | RFXIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.01 | 0.08 | 0.07 | 99 | Multisector Bonds | RFXIX vs NWXHX | |
| AQR Diversifying Strategies Fund - Class I | 0.05 | 0.01 | -0.04 | 92 | Multistrategy | RFXIX vs QDSIX | |
| Rational/ReSolve Adaptive Asset Allocation Fund | 0.15 | 0.05 | 0.05 | 77 | Tactical Allocation | RFXIX vs RDMIX | |
| CrossingBridge Low Duration High Yield Fund | 0.15 | 0.19 | 0.15 | 96 | Multisector Bonds | RFXIX vs CBLDX |
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