Looking to diversify beyond NFIAX? The mutual funds below have historically moved differently from NFIAX, 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 NFIAX
8 mutual funds have low correlation with NFIAX (below 0.3), 2 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.08, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.08 | -0.01 | 0.08 | 93 | Bank Loan | NFIAX vs XPTFX | |
| Neuberger Berman MLP | -0.04 | 0.13 | 0.22 | 71 | MLPs, Energy Equities | NFIAX vs NML | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.13 | — | — | 99 | Bank Loan | NFIAX vs CAPIX | |
| Neuberger Berman Large Cap Value Fund | 0.17 | 0.18 | 0.23 | 96 | Large Cap Value Equities | NFIAX vs NPRTX | |
| Neuberger Berman Intrinsic Value Fund | 0.20 | 0.19 | 0.26 | 84 | Small Cap Blend Equities | NFIAX vs NINLX |
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