Looking to diversify beyond NHMAX? The mutual funds below have the lowest correlation with NHMAX — 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 NHMAX.
Best Diversifiers for NHMAX
4 mutual funds have low correlation with NHMAX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Equity Long/Short Fund (NELIX) (Long-Short) with a 1Y correlation of 0.13, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Long/Short Fund | 0.13 | 0.07 | 0.07 | 58 | Long-Short | NHMAX vs NELIX | |
| Nuveen Equity Index Fund Class I | 0.18 | 0.12 | 0.12 | 64 | Large Cap Blend Equities | NHMAX vs TIEIX | |
| Nuveen Mid Cap Value Fund | 0.18 | 0.12 | 0.09 | 81 | Mid Cap Value Equities | NHMAX vs FASEX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.20 | 0.14 | 0.15 | 62 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | NHMAX vs QQQX | |
| Nuveen New York AMT Free Quality Municipal Income | 0.46 | 0.50 | 0.46 | 66 | Municipal Bonds | NHMAX vs NRK |
See all 50 diversifiers for NHMAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NHMAX
Add NHMAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NHMAX