Looking to diversify beyond NFJ? The mutual funds below have the lowest correlation with NFJ — 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 NFJ.
Best Diversifiers for NFJ
3 mutual funds have low correlation with NFJ (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) (Dividend) with a 1Y correlation of 0.19, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.19 | 0.42 | 0.50 | 77 | Dividend | NFJ vs SVAAX | |
| Virtus Seix Floating Rate High Income Fund | 0.24 | 0.32 | 0.33 | 97 | Bank Loan | NFJ vs SAMBX | |
| The Merger Fund | 0.28 | 0.26 | 0.33 | 97 | Event Driven | NFJ vs MERFX | |
| EuroPac International Dividend Income Fund Class A | 0.42 | 0.42 | 0.47 | 74 | Foreign Large Cap Equities, Dividend | NFJ vs EPDPX | |
| Pioneer Multi-Asset Income Fund A | 0.45 | 0.50 | 0.51 | 78 | Diversified Portfolio, Dividend | NFJ vs PMAIX |
See all 19 diversifiers for NFJ
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