Looking to diversify beyond NGJFX? The mutual funds below have historically moved differently from NGJFX, 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 NGJFX
4 mutual funds have low correlation with NGJFX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.24 | — | — | 99 | REIT | NGJFX vs QREARX | |
| Redwood Real Estate Income Fund | 0.00 | — | — | 100 | REIT | NGJFX vs CREMX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.21 | 0.36 | 0.48 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | NGJFX vs QQQX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.25 | 0.24 | 0.21 | 91 | High Yield Muni | NGJFX vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.35 | 0.42 | 0.43 | 73 | Preferred Stock | NGJFX vs NPSRX |
See all 25 diversifiers for NGJFX
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