Looking to diversify beyond NGJFX? The mutual funds below have the lowest correlation with NGJFX — 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 NGJFX.
Best Diversifiers for NGJFX
4 mutual funds have low correlation with NGJFX (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.21 | — | — | 98 | REIT | NGJFX vs QREARX | |
| Redwood Real Estate Income Fund | -0.01 | — | — | 100 | REIT | NGJFX vs CREMX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.26 | 0.24 | 0.21 | 65 | High Yield Muni | NGJFX vs NVHIX | |
| Nuveen Equity Long/Short Fund | 0.29 | 0.40 | 0.54 | 60 | Long-Short | NGJFX vs NELIX | |
| Nuveen Preferred Securities & Income Fund | 0.39 | 0.43 | 0.43 | 74 | Preferred Stock/Convertible Bonds | NGJFX vs NPSRX |
See all 9 diversifiers for NGJFX
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Diversification Analysis
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