Looking to diversify beyond NFFFX? The mutual funds below have historically moved differently from NFFFX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NFFFX
2 mutual funds have low correlation with NFFFX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSFX) (Commodities) with a 1Y correlation of 0.07, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | 0.07 | 0.20 | 0.24 | 69 | Commodities | NFFFX vs MCSFX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.19 | 0.15 | 0.13 | 100 | Bank Loan, High Yield Bonds | NFFFX vs CCLFX | |
| MFS Value Fund Class I | 0.34 | 0.47 | 0.60 | 74 | Large Cap Value Equities | NFFFX vs MEIIX | |
| Dodge & Cox Stock Fund Class I | 0.39 | 0.55 | 0.67 | 60 | Large Cap Value Equities | NFFFX vs DODGX | |
| DFA U.S. Small Cap Value Portfolio I | 0.44 | 0.55 | 0.63 | 85 | Small Cap Value Equities | NFFFX vs DFSVX |
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