Looking to diversify beyond WIORX? The mutual funds below have historically moved differently from WIORX, 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 WIORX
3 mutual funds have low correlation with WIORX (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 0.13, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.13 | 0.27 | 0.21 | 99 | Multisector Bonds | WIORX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.20 | 0.28 | 0.22 | 99 | Multisector Bonds | WIORX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.22 | 0.24 | 0.23 | 96 | Multisector Bonds | WIORX vs CBLDX | |
| Wilshire Small Company Value Portfolio | 0.38 | 0.29 | 0.27 | 88 | Small Cap Blend Equities | WIORX vs DTSVX | |
| Wilshire Large Company Value Portfolio | 0.40 | 0.29 | 0.29 | 85 | Large Cap Value Equities | WIORX vs DTLVX |
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