Looking to diversify beyond RPSIX? The mutual funds below have the lowest correlation with RPSIX — 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 RPSIX.
Best Diversifiers for RPSIX
5 mutual funds have low correlation with RPSIX (below 0.3), 0 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 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.06 | 0.26 | 0.18 | 99 | Multisector Bonds | RPSIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.09 | 0.27 | 0.18 | 99 | Multisector Bonds | RPSIX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.17 | 0.19 | — | 70 | Multisector Bonds | RPSIX vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | 0.18 | 0.21 | 0.24 | 97 | Multisector Bonds | RPSIX vs CBLDX | |
| Potomac Managed Volatility Fund | 0.25 | 0.49 | 0.32 | 70 | Multisector Bonds | RPSIX vs CRMVX |
See all 48 diversifiers for RPSIX
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