Looking to diversify beyond NCSPX? The mutual funds below have the lowest correlation with NCSPX — 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 NCSPX.
Best Diversifiers for NCSPX
12 mutual funds have low correlation with NCSPX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Mid Cap Value Fund (FASEX) (Mid Cap Value Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Mid Cap Value Fund | 0.16 | 0.15 | 0.10 | 84 | Mid Cap Value Equities | NCSPX vs FASEX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.25 | 0.34 | 100 | Municipal Bonds | NCSPX vs DFSMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.17 | 0.17 | 0.13 | 99 | Municipal Bonds | NCSPX vs FHMIX | |
| Nuveen Equity Index Fund Class I | 0.19 | 0.14 | 0.12 | 61 | Large Cap Blend Equities | NCSPX vs TIEIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.32 | 0.38 | 99 | Municipal Bonds | NCSPX vs USMSX |
See all 24 diversifiers for NCSPX
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