Looking to balance out your exposure to NMFC? The ETFs below have the lowest correlation with NMFC — they tend to move on their own, which can help reduce risk when NMFC drops. The stock ideas table highlights individual companies that behave independently from NMFC.
Best Diversifiers for NMFC
1 ETFs have low correlation with NMFC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core Dividend Growth ETF (DGRO) (Large Cap Growth Equities) with a 1Y correlation of 0.29, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Dividend Growth ETF | 0.29 | 0.39 | 0.44 | 71 | Large Cap Growth Equities, Dividend | NMFC vs DGRO | |
| Vanguard S&P 500 ETF | 0.31 | 0.35 | 0.43 | 70 | S&P 500 | NMFC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NMFC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NMFC and solid risk/return profiles. The least correlated is LTC Properties, Inc. (LTC) (Real Estate) with a 1Y correlation of 0.00, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| LTC Properties, Inc. | 0.00 | 0.20 | 0.24 | 50 | Real Estate | |
| W. P. Carey Inc. | 0.02 | 0.19 | 0.26 | 79 | Real Estate | |
| Broadstone Net Lease, Inc. | 0.05 | 0.21 | 0.30 | 85 | Real Estate | |
| Reaves Utility Income Trust | 0.07 | 0.23 | 0.29 | 78 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.08 | 0.23 | 0.31 | 63 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NMFC
Add NMFC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NMFC