Looking to diversify beyond NFJEX? The mutual funds below have historically moved differently from NFJEX, 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 NFJEX
3 mutual funds have low correlation with NFJEX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.13, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.13 | 0.48 | 0.61 | 58 | Quality Factor, Large Cap Value Equities | NFJEX vs GQHPX | |
| Federated Hermes Equity Income Fund | 0.17 | 0.50 | 0.71 | 68 | Dividend, Large Cap Value Equities | NFJEX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.25 | 0.55 | 0.66 | 94 | Large Cap Value Equities | NFJEX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.39 | 0.61 | 0.70 | 95 | Large Cap Value Equities | NFJEX vs SVAIX | |
| Virtus Short Duration High Income Fund | 0.47 | 0.46 | 0.51 | 74 | High Yield Bonds | NFJEX vs ASHIX |
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