Looking to diversify beyond WSINX? The mutual funds below have the lowest correlation with WSINX — 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 WSINX.
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 0.15, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.15 | 0.28 | 0.23 | 99 | Multisector Bonds | WSINX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.16 | 0.30 | 0.24 | 99 | Multisector Bonds | WSINX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.24 | 0.23 | 0.24 | 97 | Multisector Bonds | WSINX vs CBLDX | |
| Allspring Diversified Capital Builder Fund | 0.31 | 0.28 | 0.34 | 92 | Diversified Portfolio | WSINX vs EKBAX | |
| Allspring Ultra Short-Term Income Fund | 0.33 | 0.39 | 0.46 | 99 | Ultrashort Bond | WSINX vs SADIX |
See all 22 diversifiers for WSINX
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