Looking to diversify beyond NMSCX? The mutual funds below have historically moved differently from NMSCX, 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 NMSCX
0 mutual funds have low correlation with NMSCX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Overseas Value Fund (COSZX) (Foreign Large Cap Equities) with a 1Y correlation of 0.59, roughly unchanged from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Overseas Value Fund | 0.59 | 0.61 | 0.67 | 72 | Foreign Large Cap Equities | NMSCX vs COSZX | |
| Columbia Seligman Global Technology Fund | 0.62 | 0.65 | 0.72 | 92 | Technology Equities | NMSCX vs SHGTX | |
| Columbia Seligman Technology and Information Fund ... | 0.63 | 0.65 | 0.72 | 93 | Technology Equities | NMSCX vs SLMCX | |
| DFA International Small Company Portfolio | 0.64 | 0.66 | 0.69 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | NMSCX vs DFISX | |
| Auer Growth Fund | 0.71 | 0.77 | 0.81 | 91 | Small Cap Blend Equities | NMSCX vs AUERX |
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