Looking to diversify beyond RNSIX? The mutual funds below have the lowest correlation with RNSIX — 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 RNSIX.
Best Diversifiers for RNSIX
7 mutual funds have low correlation with RNSIX (below 0.3), 2 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.10, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.10 | 0.20 | 0.11 | 99 | Multisector Bonds | RNSIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | -0.01 | 0.23 | 0.12 | 99 | Multisector Bonds | RNSIX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.12 | 0.14 | 0.21 | 70 | Multisector Bonds | RNSIX vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | 0.20 | 0.20 | 0.20 | 97 | Multisector Bonds | RNSIX vs CBLDX | |
| Potomac Managed Volatility Fund | 0.22 | 0.47 | 0.30 | 70 | Multisector Bonds | RNSIX vs CRMVX |
See all 25 diversifiers for RNSIX
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