Looking to diversify beyond NAVFX? The mutual funds below have the lowest correlation with NAVFX — 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 NAVFX.
Best Diversifiers for NAVFX
1 mutual funds have low correlation with NAVFX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.01, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.01 | 0.25 | 0.20 | 75 | Tactical Allocation | NAVFX vs PBAIX | |
| Quantified Evolution Plus Fund | 0.31 | 0.48 | 0.38 | 80 | Tactical Allocation | NAVFX vs QEVOX | |
| AQR Diversifying Strategies Fund Class N | 0.37 | 0.29 | 0.09 | 88 | Tactical Allocation | NAVFX vs QDSNX | |
| Hussman Strategic Total Return Fund | 0.38 | 0.30 | 0.31 | 89 | Tactical Allocation | NAVFX vs HSTRX | |
| Invesco Balanced-Risk Allocation Fund | 0.50 | 0.50 | 0.51 | 90 | Tactical Allocation | NAVFX vs ABRYX |
See all 23 diversifiers for NAVFX
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