Looking to diversify beyond NMAI? The mutual funds below have historically moved differently from NMAI, 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 NMAI
11 mutual funds have low correlation with NMAI (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Real Estate Securities Fund (FARCX) (REIT) with a 1Y correlation of 0.15, down from 0.37 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Real Estate Securities Fund | 0.15 | 0.37 | — | 69 | REIT | NMAI vs FARCX | |
| LoCorr Macro Strategies Fund Class I | 0.17 | 0.04 | — | 81 | Global Allocation | NMAI vs LFMIX | |
| Wilmington Real Asset Fund | 0.17 | 0.35 | — | 91 | Global Allocation | NMAI vs WMRIX | |
| Hartford Real Asset Fund | 0.18 | 0.34 | — | 96 | Global Allocation | NMAI vs HRLYX | |
| Lazard Real Assets Portfolio | 0.26 | 0.41 | — | 89 | Global Allocation | NMAI vs RALIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NMAI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is AST SpaceMobile, Inc. (ASTS) (Technology) with a 1Y correlation of 0.22, roughly unchanged from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AST SpaceMobile, Inc. | 0.22 | 0.27 | 0.31 | 58 | Technology | |
| Rocket Lab USA, Inc. | 0.28 | 0.28 | — | 67 | Industrials | |
| DBS Group Holdings Ltd ADR | 0.29 | 0.26 | 0.34 | 98 | Financial Services | |
| Equinix, Inc. | 0.29 | 0.38 | 0.44 | 85 | Real Estate | |
| Trinity Capital Inc. | 0.31 | 0.32 | 0.34 | 86 | Financial Services |
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