Looking to diversify beyond WDI? The mutual funds below have the lowest correlation with WDI — 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 WDI.
Best Diversifiers for WDI
15 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 0.11, roughly unchanged from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.11 | 0.15 | — | 99 | Multisector Bonds | WDI vs NWXHX | |
| Nationwide Strategic Income A | 0.11 | 0.14 | — | 99 | Multisector Bonds | WDI vs NWXEX | |
| Potomac Managed Volatility Fund | 0.15 | 0.30 | — | 55 | Multisector Bonds | WDI vs CRMVX | |
| CrossingBridge Responsible Credit Fund | 0.17 | 0.23 | — | 58 | Multisector Bonds | WDI vs CBRDX | |
| Rational Special Situations Income Fund | 0.18 | 0.16 | — | 98 | Multisector Bonds | WDI vs RFXIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WDI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WDI and solid risk/return profiles. The least correlated is AGNC Investment Corp. (AGNCN) (Real Estate) with a 1Y correlation of 0.09, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.09 | 0.14 | 0.19 | 90 | Real Estate | |
| Trinity Capital Inc. | 0.19 | 0.29 | — | 88 | Financial Services |
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