Looking to diversify beyond NEXTX? The mutual funds below have the lowest correlation with NEXTX — 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 NEXTX.
Best Diversifiers for NEXTX
1 mutual funds have low correlation with NEXTX (below 0.3), 0 of which are negatively correlated. The least correlated is Green California Tax-Free Income Fund (CFNTX) (Municipal Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Green California Tax-Free Income Fund | 0.13 | 0.17 | 0.13 | 65 | Municipal Bonds | NEXTX vs CFNTX | |
| Shelton Tactical Credit Fund | 0.31 | 0.32 | 0.29 | 65 | Nontraditional Bonds | NEXTX vs DEBTX | |
| Shelton Emerging Markets Fund | 0.33 | 0.37 | 0.46 | 75 | Emerging Markets Diversified | NEXTX vs EMSQX | |
| Baron Focused Growth Fund | 0.53 | 0.66 | 0.76 | 53 | Mid Cap Growth Equities | NEXTX vs BFGFX | |
| Baron Focused Growth Fund Institutional Shares | 0.53 | 0.66 | 0.76 | 54 | Mid Cap Growth Equities | NEXTX vs BFGIX |
See all 19 diversifiers for NEXTX
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