Looking to diversify beyond NPCT? The mutual funds below have the lowest correlation with NPCT — 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 NPCT.
Best Diversifiers for NPCT
9 mutual funds have low correlation with NPCT (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Capital High Quality Income Fund Institutional Shares (LCTIX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.25, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Capital High Quality Income Fund Institutio... | 0.25 | 0.16 | 0.13 | 92 | Intermediate Core-Plus Bond | NPCT vs LCTIX | |
| Allspring Diversified Capital Builder Fund | 0.25 | 0.30 | 0.35 | 97 | Diversified Portfolio | NPCT vs EKBAX | |
| GMO Multi-Sector Fixed Income Fund | 0.25 | 0.44 | 0.45 | 74 | Intermediate Core-Plus Bond | NPCT vs GUGAX | |
| Adams Diversified Equity Fund, Inc. | 0.26 | 0.34 | 0.38 | 73 | Large Cap Growth Equities | NPCT vs ADX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.27 | 0.24 | 0.24 | 62 | High Yield Muni | NPCT vs NVHIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NPCT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NPCT and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.07, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.07 | 0.11 | 0.14 | 69 | Energy | |
| Enterprise Products Partners L.P. | -0.03 | 0.14 | 0.15 | 85 | Energy | |
| Kinder Morgan, Inc. | 0.08 | 0.20 | 0.20 | 60 | Energy | |
| Dynex Capital, Inc. | 0.23 | 0.33 | 0.30 | 74 | Real Estate | |
| BlackRock Science and Technology Trust II | 0.24 | 0.31 | 0.35 | 95 | Financial Services |
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