Looking to diversify beyond NCLEX? The mutual funds below have historically moved differently from NCLEX, 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 NCLEX
0 mutual funds have low correlation with NCLEX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Discovery Fund Class R6 (ODIIX) (Small Cap Growth Equities) with a 1Y correlation of 0.42, down from 0.81 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Discovery Fund Class R6 | 0.42 | 0.71 | 0.81 | 64 | Small Cap Growth Equities | NCLEX vs ODIIX | |
| Driehaus Micro Cap Growth Fund | 0.43 | 0.68 | 0.77 | 82 | Small Cap Growth Equities | NCLEX vs DMCRX | |
| Driehaus Small Cap Growth Fund | 0.45 | 0.69 | 0.78 | 53 | Small Cap Growth Equities | NCLEX vs DVSMX | |
| Nicholas Partners Small Cap Growth Fund | 0.46 | 0.72 | 0.80 | 58 | Small Cap Growth Equities | NCLEX vs NPSGX | |
| Calamos Timpani Small Cap Growth Fund | 0.47 | 0.69 | 0.78 | 55 | Small Cap Growth Equities | NCLEX vs CTSIX |
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