Looking to diversify beyond NFJ? The mutual funds below have historically moved differently from NFJ, 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 NFJ
5 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 0.16, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.16 | 0.40 | 0.49 | 93 | Dividend | NFJ vs SVAAX | |
| Fidelity Floating Rate High Income Fund | 0.23 | 0.31 | 0.35 | 95 | Bank Loan | NFJ vs FFRHX | |
| The Merger Fund | 0.25 | 0.26 | 0.33 | 96 | Event Driven | NFJ vs MERFX | |
| Virtus Seix Floating Rate High Income Fund | 0.26 | 0.32 | 0.34 | 98 | Bank Loan | NFJ vs SAMBX | |
| Virtus Duff & Phelps Real Estate Securities Fund | 0.29 | 0.48 | 0.58 | 68 | REIT | NFJ vs PHRAX |
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