Looking to diversify beyond NOIEX? The mutual funds below have historically moved differently from NOIEX, 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 NOIEX
14 mutual funds have low correlation with NOIEX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of -0.11, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | -0.11 | 0.38 | 0.56 | 62 | Quality Factor, Large Cap Value Equities | NOIEX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.02 | 0.34 | 0.54 | 93 | Large Cap Value Equities | NOIEX vs LEXCX | |
| Northern Ultra-Short Fixed Income Fund | 0.16 | 0.08 | 0.05 | 99 | Ultrashort Bond | NOIEX vs NUSFX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 0.16 | 0.05 | 0.07 | 98 | Ultrashort Bond | NOIEX vs TRBUX | |
| Federated Hermes Strategic Value Dividend Fund | 0.20 | 0.38 | 0.55 | 94 | Large Cap Value Equities | NOIEX vs SVAIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NOIEX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.27, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.27 | 0.34 | 0.44 | 74 | Financial Services |
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