Looking to diversify beyond NMCIX? The mutual funds below have the lowest correlation with NMCIX — 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 NMCIX.
Best Diversifiers for NMCIX
1 mutual funds have low correlation with NMCIX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.05, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.05 | 0.29 | 0.43 | 70 | Large Cap Value Equities | NMCIX vs LEXCX | |
| BNY Mellon Natural Resources Fund | 0.34 | 0.44 | 0.47 | 52 | Energy Equities | NMCIX vs DLDRX | |
| Voya International High Dividend Low Volatility Po... | 0.42 | 0.44 | 0.54 | 58 | Foreign Large Cap Equities | NMCIX vs IFTIX | |
| American Funds International Growth and Income Fun... | 0.62 | 0.61 | 0.67 | 51 | Foreign Large Cap Equities | NMCIX vs CGIAX | |
| The Hartford Dividend and Growth Fund | 0.64 | 0.64 | 0.72 | 77 | Large Cap Value Equities | NMCIX vs HDGYX |
See all 17 diversifiers for NMCIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NMCIX
Add NMCIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NMCIX