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 0.10, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.10 | 0.31 | 0.44 | 53 | Large Cap Value Equities | NMCIX vs LEXCX | |
| BNY Mellon Natural Resources Fund | 0.32 | 0.44 | 0.47 | 89 | Energy Equities | NMCIX vs DLDRX | |
| American Funds International Growth and Income Fun... | 0.58 | 0.60 | 0.66 | 56 | Foreign Large Cap Equities | NMCIX vs CGIAX | |
| Tanaka Growth Fund | 0.61 | 0.66 | 0.74 | 54 | Mid Cap Growth Equities | NMCIX vs TGFRX | |
| Essex Environmental Opportunities Fund | 0.62 | 0.69 | 0.77 | 79 | Mid Cap Growth Equities | NMCIX vs EEOFX |
See all 18 diversifiers for NMCIX
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