Looking to diversify beyond NASDX? The mutual funds below have historically moved differently from NASDX, 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 NASDX
49 mutual funds have low correlation with NASDX (below 0.3), 5 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.32, down from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.32 | -0.19 | -0.07 | 83 | Diversified Portfolio | NASDX vs SIFAX | |
| BlackRock Energy Opportunities Fund | -0.12 | 0.08 | 0.19 | 81 | Energy Equities | NASDX vs BACAX | |
| BlackRock Energy Opportunities Fund | -0.12 | 0.08 | 0.19 | 82 | Energy Equities | NASDX vs BACIX | |
| Fidelity Select Energy Portfolio | -0.10 | 0.10 | 0.20 | 87 | Energy Equities | NASDX vs FSENX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.06 | -0.01 | 0.01 | 99 | Municipal Bonds | NASDX vs TFCYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NASDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.37, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.37 | -0.10 | 0.09 | 89 | Financial Services | |
| Altria Group, Inc. | -0.36 | -0.14 | -0.02 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.36 | -0.20 | -0.03 | 56 | Utilities | |
| The Coca-Cola Company | -0.30 | -0.10 | 0.10 | 90 | Consumer Defensive | |
| PepsiCo, Inc. | -0.27 | -0.06 | 0.10 | 50 | Consumer Defensive |
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