Looking to diversify beyond SDSAX? The mutual funds below have the lowest correlation with SDSAX — 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 SDSAX.
Best Diversifiers for SDSAX
5 mutual funds have low correlation with SDSAX (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 0.05, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.05 | 0.25 | 0.23 | 99 | Multisector Bonds | SDSAX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.15 | 0.29 | 0.24 | 99 | Multisector Bonds | SDSAX vs NWXHX | |
| Potomac Managed Volatility Fund | 0.21 | 0.46 | 0.31 | 64 | Multisector Bonds | SDSAX vs CRMVX | |
| CrossingBridge Responsible Credit Fund | 0.21 | 0.22 | — | 65 | Multisector Bonds | SDSAX vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | 0.30 | 0.27 | 0.27 | 97 | Multisector Bonds | SDSAX vs CBLDX |
See all 20 diversifiers for SDSAX
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