Looking to diversify beyond NMIMX? The mutual funds below have historically moved differently from NMIMX, 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 NMIMX
0 mutual funds have low correlation with NMIMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.35, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.35 | 0.15 | 0.13 | 97 | Large Cap Blend Equities | NMIMX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.51 | 0.35 | 0.41 | 59 | Preferred Stock | NMIMX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.58 | 0.71 | 0.80 | 89 | Large Cap Blend Equities | NMIMX vs RCKSX | |
| Muhlenkamp Fund | 0.60 | 0.69 | 0.73 | 59 | Large Cap Blend Equities | NMIMX vs MUHLX | |
| Columbia Dividend Income Fund Class A | 0.61 | 0.73 | 0.82 | 89 | Large Cap Value Equities | NMIMX vs LBSAX |
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