Looking to diversify beyond NCV? The mutual funds below have the lowest correlation with NCV — 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 NCV.
Best Diversifiers for NCV
2 mutual funds have low correlation with NCV (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Seix Floating Rate High Income Fund (SAMBX) (Bank Loan) with a 1Y correlation of 0.23, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.23 | 0.30 | 0.34 | 97 | Bank Loan | NCV vs SAMBX | |
| The Merger Fund | 0.28 | 0.24 | 0.29 | 97 | Event Driven | NCV vs MERFX | |
| Cohen & Steers Low Duration Preferred and Income F... | 0.38 | 0.35 | 0.37 | 82 | Preferred Stock/Convertible Bonds | NCV vs LPXZX | |
| Principal Capital Securities Fund | 0.39 | 0.34 | 0.36 | 76 | Preferred Stock/Convertible Bonds | NCV vs PCSFX | |
| Nuveen Preferred Securities & Income Fund | 0.42 | 0.40 | 0.42 | 73 | Preferred Stock/Convertible Bonds | NCV vs NPSRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NCV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NCV and solid risk/return profiles. The least correlated is Nuveen AMT-Free Municipal Credit Income Fund (NVG) (Financial Services) with a 1Y correlation of 0.29, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nuveen AMT-Free Municipal Credit Income Fund | 0.29 | 0.34 | 0.35 | 78 | Financial Services | |
| AGNC Investment Corp. | 0.33 | 0.42 | 0.47 | 76 | Real Estate | |
| Reaves Utility Income Trust | 0.46 | 0.40 | 0.44 | 81 | Financial Services | |
| BlackRock Science and Technology Trust II | 0.66 | 0.59 | 0.62 | 96 | Financial Services |
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