Looking to diversify beyond SDSYX? The mutual funds below have the lowest correlation with SDSYX — 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 SDSYX.
Best Diversifiers for SDSYX
5 mutual funds have low correlation with SDSYX (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 0.04, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.04 | 0.26 | 0.23 | 99 | Multisector Bonds | SDSYX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.08 | 0.30 | 0.23 | 99 | Multisector Bonds | SDSYX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.19 | 0.19 | — | 70 | Multisector Bonds | SDSYX vs CBRDX | |
| Potomac Managed Volatility Fund | 0.19 | 0.46 | 0.31 | 70 | Multisector Bonds | SDSYX vs CRMVX | |
| CrossingBridge Low Duration High Yield Fund | 0.27 | 0.24 | 0.26 | 97 | Multisector Bonds | SDSYX vs CBLDX |
See all 14 diversifiers for SDSYX
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