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 Equity Long/Short Fund (NELIX) (Long-Short) with a 1Y correlation of 0.12, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Long/Short Fund | 0.12 | 0.09 | 0.07 | 57 | Long-Short | NCSPX vs NELIX | |
| Nuveen Mid Cap Value Fund | 0.14 | 0.15 | 0.10 | 70 | Mid Cap Value Equities | NCSPX vs FASEX | |
| Federated Hermes Conservative Municipal Microshort... | 0.17 | 0.16 | 0.12 | 98 | Municipal Bonds | NCSPX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.24 | 0.34 | 99 | Municipal Bonds | NCSPX vs DFSMX | |
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | 0.18 | 0.14 | 0.15 | 71 | Large Cap Growth Equities | NCSPX vs QQQX |
See all 22 diversifiers for NCSPX
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