Looking to diversify beyond NMAVX? The mutual funds below have the lowest correlation with NMAVX — 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 NMAVX.
Best Diversifiers for NMAVX
0 mutual funds have low correlation with NMAVX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Value Opportunities Fund Class Y (VVOIX) (Mid Cap Value Equities) with a 1Y correlation of 0.46, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Value Opportunities Fund Class Y | 0.46 | 0.58 | 0.66 | 81 | Mid Cap Value Equities | NMAVX vs VVOIX | |
| Invesco Value Opportunities Fund | 0.46 | 0.58 | 0.66 | 81 | Mid Cap Value Equities | NMAVX vs VVOAX | |
| Invesco V.I. American Value Fund | 0.46 | 0.58 | 0.66 | 81 | Mid Cap Value Equities | NMAVX vs UMCVX | |
| Virtus Ceredex Mid-Cap Value Equity Fund | 0.52 | 0.66 | 0.75 | 91 | Mid Cap Value Equities | NMAVX vs SMVTX | |
| Glenmede Quantitative U.S. Total Market Equity Por... | 0.55 | 0.65 | 0.72 | 55 | Mid Cap Value Equities | NMAVX vs GTTMX |
See all 49 diversifiers for NMAVX
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