Nationwide International Correlations

Mutual Funds . USA . 
Fund . Nationwide International Index
GIXIX Fund  USD 10.50  0.05  0.48%   
The current 90-days correlation between Nationwide International and Dunham Porategovernment Bond is 0.25 (i.e., Modest diversification). The correlation of Nationwide International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Nationwide International Correlation With Market

Poor diversification

The correlation between Nationwide International Index and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nationwide International Index and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide International Index. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Nationwide Mutual Fund

  0.84GCFRX Nationwide InvestorPairCorr
  0.86NADCX Nationwide InvestorPairCorr
  0.86NADMX Nationwide InvestorPairCorr
  0.88GGEAX Nationwide Global EquityPairCorr
  0.88GGEIX Nationwide Global EquityPairCorr
  0.82GGFRX Nationwide GrowthPairCorr
  0.88GGESX Nationwide Global EquityPairCorr
  0.89NSDMX Nationwide InvestorPairCorr
  0.88NSDCX Nationwide InvestorPairCorr
  0.84NTDAX Nationwide DestinationPairCorr
  0.89NTDIX Nationwide DestinationPairCorr
  0.89NTDTX Nationwide DestinationPairCorr
  0.89NTDSX Nationwide DestinationPairCorr
  0.89GIIAX Nationwide InternationalPairCorr
  1.0GIIRX Nationwide InternationalPairCorr
  0.84GIMCX Nationwide InvestorPairCorr
  0.8NUSAX Nationwide GovernmentPairCorr
  0.84NDAAX Nationwide InvestorPairCorr
  0.85NDCAX Nationwide InvestorPairCorr
  0.89NDASX Nationwide InvestorPairCorr
  0.84NDCSX Nationwide InvestorPairCorr
  0.89NDMSX Nationwide InvestorPairCorr
  0.84NDMAX Nationwide InvestorPairCorr
  0.89NWATX Nationwide DestinationPairCorr
  0.88NWBIX Nationwide DestinationPairCorr
  0.84NWABX Nationwide Fund6PairCorr
  0.82NWAEX Nationwide Bny MellonPairCorr
  0.8NWADX Nationwide Loomis AllPairCorr
  0.91NWAJX Nationwide AllianzgiPairCorr
  0.98NWAHX Nationwide AllianzgiPairCorr
  0.91NWAGX Nationwide AllianzgiPairCorr
  0.83NWANX Nationwide Bny MellonPairCorr
  0.76NWAMX Nationwide MellonPairCorr
  0.76NWALX Nationwide Bny MellonPairCorr
  0.91NWAKX Nationwide AllianzgiPairCorr
  0.89NWASX Nationwide DestinationPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Nationwide Mutual Fund performing well and Nationwide International Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Nationwide International's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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