Looking to diversify beyond NIPAX? The mutual funds below have the lowest correlation with NIPAX — 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 NIPAX.
Best Diversifiers for NIPAX
1 mutual funds have low correlation with NIPAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.15 | 0.42 | 67 | Diversified Portfolio | NIPAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.57 | 0.60 | 82 | Diversified Portfolio | NIPAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.57 | 0.60 | 88 | Diversified Portfolio | NIPAX vs FIQDX | |
| Concorde Wealth Management Fund | 0.37 | 0.53 | 0.61 | 55 | Diversified Portfolio | NIPAX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.57 | 0.60 | 86 | Diversified Portfolio | NIPAX vs FSIRX |
See all 32 diversifiers for NIPAX
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