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Voya Large-Cap Growth Fund (NLCAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The investment seeks long-term capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in common stocks of large-capitalization companies. For this fund, large-capitalization companies as companies with market capitalizations which fall within the range of companies in the Russell 1000 Growth Index at the time of purchase. The fund may also invest in derivative instruments, which include, index futures and options to hedge against market risk or to enhance returns. It may also invest up to 25% of its assets in foreign securities. The fund is non-diversified.

Looking to diversify beyond NLCAX? The mutual funds below have the lowest correlation with NLCAX — 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 NLCAX.

Best Diversifiers for NLCAX

1 mutual funds have low correlation with NLCAX (below 0.3), 1 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.17, down from 0.33 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
LEXCX
Voya Corporate Leaders Trust Fund-0.170.120.33
68
Large Cap Value EquitiesNLCAX vs LEXCX
IFTIX
Voya International High Dividend Low Volatility Po...0.360.370.49
58
Foreign Large Cap EquitiesNLCAX vs IFTIX
HFQAX
Janus Henderson Global Equity Income Fund0.400.440.55
69
Foreign Large Cap EquitiesNLCAX vs HFQAX
BPTRX
Baron Partners Fund0.440.540.66
75
Large Cap Growth EquitiesNLCAX vs BPTRX
PRDGX
T. Rowe Price Dividend Growth Fund, Inc.0.500.600.72
62
Large Cap Blend Equities, DividendNLCAX vs PRDGX
See all 36 diversifiers for NLCAX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from NLCAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NLCAX and solid risk/return profiles. The least correlated is Inventrust Properties Corp (IVT) (Real Estate) with a 1Y correlation of -0.10, down from 0.25 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
IVT
Inventrust Properties Corp-0.100.110.25
91
Real Estate
XHR
Xenia Hotels & Resorts, Inc.0.110.300.42
90
Real Estate

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Diversification Analysis

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