Looking to diversify beyond SINCX? The mutual funds below have the lowest correlation with SINCX — 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 SINCX.
Best Diversifiers for SINCX
5 mutual funds have low correlation with SINCX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.16, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.16 | 0.32 | 0.36 | 86 | Large Cap Value Equities | SINCX vs SVAIX | |
| Nationwide Amundi Strategic Income Fund | 0.24 | 0.34 | 0.26 | 99 | Multisector Bonds | SINCX vs NWXHX | |
| Rational Special Situations Income Fund | 0.25 | 0.40 | 0.39 | 98 | Multisector Bonds | SINCX vs RFXIX | |
| Nationwide Strategic Income A | 0.27 | 0.34 | 0.27 | 99 | Multisector Bonds | SINCX vs NWXEX | |
| CrossingBridge Low Duration High Yield Fund | 0.29 | 0.26 | 0.29 | 97 | Multisector Bonds | SINCX vs CBLDX |
See all 16 diversifiers for SINCX
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