Looking to diversify beyond WSINX? The mutual funds below have historically moved differently from WSINX, 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 WSINX
3 mutual funds have low correlation with WSINX (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 0.18, roughly unchanged from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.18 | 0.28 | 0.23 | 99 | Multisector Bonds | WSINX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.21 | 0.31 | 0.24 | 99 | Multisector Bonds | WSINX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.22 | 0.24 | 0.24 | 96 | Multisector Bonds | WSINX vs CBLDX | |
| Allspring Diversified Capital Builder Fund | 0.31 | 0.27 | 0.33 | 87 | Diversified Portfolio | WSINX vs EKBAX | |
| Allspring Ultra Short-Term Income Fund | 0.34 | 0.38 | 0.46 | 99 | Ultrashort Bond | WSINX vs SADIX |
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