Looking to diversify beyond NLSIX? The mutual funds below have the lowest correlation with NLSIX — 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 NLSIX.
Best Diversifiers for NLSIX
8 mutual funds have low correlation with NLSIX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.03, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.03 | 0.01 | -0.04 | 87 | Long-Short | NLSIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.03 | 0.02 | -0.04 | 87 | Long-Short | NLSIX vs VMNFX | |
| Knights of Columbus Long/Short Equity Fund | 0.01 | 0.22 | 0.14 | 81 | Long-Short | NLSIX vs KCEIX | |
| Neuberger Berman Municipal Intermediate Bond Fund | 0.22 | 0.15 | 0.15 | 77 | Municipal Bonds | NLSIX vs NMUIX | |
| American Beacon AHL Managed Futures Strategy Fund ... | 0.22 | 0.14 | 0.04 | 89 | Systematic Trend | NLSIX vs AHLIX |
See all 27 diversifiers for NLSIX
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