Looking to diversify beyond WDI? The mutual funds below have historically moved differently from WDI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for WDI
11 mutual funds have low correlation with WDI (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.12 | 0.14 | 0.08 | 99 | Multisector Bonds | WDI vs NWXHX | |
| Nationwide Strategic Income A | 0.13 | 0.14 | 0.08 | 99 | Multisector Bonds | WDI vs NWXEX | |
| CrossingBridge Low Duration High Yield Fund | 0.16 | 0.16 | 0.15 | 96 | Multisector Bonds | WDI vs CBLDX | |
| Easterly Income Opportunities Fund | 0.20 | 0.14 | 0.18 | 82 | Multisector Bonds | WDI vs JSVIX | |
| Rational Special Situations Income Fund | 0.20 | 0.16 | 0.17 | 98 | Multisector Bonds | WDI vs RFXIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WDI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is AGNC Investment Corp. (AGNCN) (Real Estate) with a 1Y correlation of 0.13, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.13 | 0.14 | 0.19 | 92 | Real Estate | |
| Trinity Capital Inc. | 0.23 | 0.29 | 0.28 | 84 | Financial Services |
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