Looking to diversify beyond NCIRX? The mutual funds below have the lowest correlation with NCIRX — 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 NCIRX.
Best Diversifiers for NCIRX
6 mutual funds have low correlation with NCIRX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.02, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.02 | 0.03 | 0.01 | 95 | Long-Short | NCIRX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.02 | -0.15 | -0.32 | 60 | Systematic Trend | NCIRX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.16 | 0.13 | 0.12 | 66 | Technology Equities | NCIRX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.22 | 0.16 | 0.12 | 70 | Large Cap Growth Equities | NCIRX vs NASDX | |
| iShares S&P 500 Index Fund Class K | 0.29 | 0.21 | 0.14 | 66 | S&P 500 | NCIRX vs WFSPX |
See all 17 diversifiers for NCIRX
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