Looking to diversify beyond NALFX? The mutual funds below have historically moved differently from NALFX, 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 NALFX
1 mutual funds have low correlation with NALFX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.24, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.24 | 0.48 | 0.54 | 68 | Quality Factor, Global Equities | NALFX vs GQFPX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.31 | 0.07 | 0.15 | 92 | Multistrategy, Systematic Trend, Global Equities | NALFX vs MBXIX | |
| Voya Global High Dividend Low Volatility Portfolio | 0.36 | 0.52 | 0.61 | 85 | Global Equities, Low Volatility | NALFX vs IGHAX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | 0.39 | 0.46 | 0.56 | 81 | Global Equities, Low Volatility | NALFX vs VMNVX | |
| Hotchkis & Wiley Global Value Fund | 0.39 | 0.58 | 0.61 | 69 | Global Equities | NALFX vs HWGIX |
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