Looking to diversify beyond NGRRX? The mutual funds below have the lowest correlation with NGRRX — 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 NGRRX.
Best Diversifiers for NGRRX
1 mutual funds have low correlation with NGRRX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) (High Yield Muni) with a 1Y correlation of 0.25, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.25 | 0.14 | 0.12 | 62 | High Yield Muni | NGRRX vs NVHIX | |
| Nuveen High Yield Municipal Bond Fund | 0.31 | 0.18 | 0.14 | 61 | High Yield Muni | NGRRX vs NHMRX | |
| Nuveen Preferred Securities & Income Fund | 0.43 | 0.42 | 0.43 | 76 | Preferred Stock/Convertible Bonds | NGRRX vs NPSRX | |
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | 0.58 | 0.54 | 0.58 | 71 | Large Cap Growth Equities | NGRRX vs QQQX | |
| Kopernik International Fund | 0.61 | 0.52 | 0.63 | 81 | Foreign Large Cap Equities | NGRRX vs KGIIX |
See all 26 diversifiers for NGRRX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NGRRX
Add NGRRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NGRRX