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Nicholas Limited Edition Fund (NCLEX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The investment seeks to increase the value of the investment over the long-term. The fund primarily invests in common stocks of domestic corporations with small- and medium-sized market capitalizations believed to have growth potential. The advisor believes a company's annual sales volume and market capitalization are the factors most illustrative of a company's size. The advisor generally considers companies with market capitalizations up to $3 billion as "small", between $3 billion and $25 billion as "medium," and greater than $25 billion as "large."

Looking to diversify beyond NCLEX? The mutual funds below have the lowest correlation with NCLEX — 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 NCLEX.

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 Fidelity Growth Company Fund (FDGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.47, down from 0.74 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FDGRX
Fidelity Growth Company Fund0.470.600.74
78
Large Cap Growth EquitiesNCLEX vs FDGRX
DMCRX
Driehaus Micro Cap Growth Fund0.540.730.79
81
Small Cap Growth EquitiesNCLEX vs DMCRX
ODIIX
Invesco Discovery Fund Class R60.560.770.85
78
Small Cap Growth EquitiesNCLEX vs ODIIX
DVSMX
Driehaus Small Cap Growth Fund0.560.740.81
59
Small Cap Growth EquitiesNCLEX vs DVSMX
LAGWX
Lord Abbett Developing Growth Fund0.580.730.82
68
Small Cap Growth EquitiesNCLEX vs LAGWX
See all 37 diversifiers for NCLEX

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