Looking to diversify beyond NCZ? The mutual funds below have the lowest correlation with NCZ — 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 NCZ.
Best Diversifiers for NCZ
2 mutual funds have low correlation with NCZ (below 0.3), 0 of which are negatively correlated. The least correlated is The Merger Fund (MERFX) (Event Driven) with a 1Y correlation of 0.18, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Merger Fund | 0.18 | 0.21 | 0.27 | 97 | Event Driven | NCZ vs MERFX | |
| Virtus Seix Floating Rate High Income Fund | 0.23 | 0.26 | 0.31 | 97 | Bank Loan | NCZ vs SAMBX | |
| The Gabelli Convertible and Income Securities Fund... | 0.49 | 0.41 | 0.39 | 87 | Convertible Bonds | NCZ vs GCV | |
| Miller Convertible Bond Fund | 0.56 | 0.59 | 0.63 | 81 | Convertible Bonds | NCZ vs MCIFX | |
| Franklin Convertible Securities Fund | 0.62 | 0.64 | 0.68 | 71 | Convertible Bonds | NCZ vs FISCX |
See all 16 diversifiers for NCZ
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Diversification Analysis
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