Looking to diversify beyond NICSX? The mutual funds below have historically moved differently from NICSX, 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 NICSX
0 mutual funds have low correlation with NICSX (below 0.3), 0 of which are negatively correlated. The least correlated is Nicholas Partners Small Cap Growth Fund (NPSGX) (Small Cap Growth Equities) with a 1Y correlation of 0.58, down from 0.76 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nicholas Partners Small Cap Growth Fund | 0.58 | 0.69 | 0.76 | 58 | Small Cap Growth Equities | NICSX vs NPSGX | |
| American Growth Fund Series One | 0.60 | 0.76 | 0.83 | 56 | Large Cap Growth Equities | NICSX vs AMRGX | |
| ICON Equity Fund | 0.62 | 0.66 | 0.74 | 80 | Large Cap Growth Equities | NICSX vs IOLZX | |
| Chase Growth Fund Institutional Class | 0.66 | 0.79 | 0.84 | 80 | Large Cap Growth Equities | NICSX vs CHAIX | |
| Chase Growth Fund | 0.66 | 0.79 | 0.84 | 82 | Large Cap Growth Equities | NICSX vs CHASX |
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