Looking to diversify beyond NPCT? The mutual funds below have historically moved differently from NPCT, 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 NPCT
3 mutual funds have low correlation with NPCT (below 0.3), 0 of which are negatively correlated. The least correlated is GMO Multi-Sector Fixed Income Fund (GUGAX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.21, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Multi-Sector Fixed Income Fund | 0.21 | 0.40 | 0.45 | 89 | Intermediate Core-Plus Bond | NPCT vs GUGAX | |
| Allspring Diversified Capital Builder Fund | 0.26 | 0.28 | 0.35 | 88 | Diversified Portfolio | NPCT vs EKBAX | |
| Adams Diversified Equity Fund, Inc. | 0.28 | 0.34 | 0.38 | 88 | Large Cap Blend Equities | NPCT vs ADX | |
| Nuveen Real Estate Securities Fund | 0.31 | 0.37 | 0.36 | 71 | REIT | NPCT vs FARCX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.32 | 0.26 | 0.25 | 88 | High Yield Muni | NPCT vs NVHIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NPCT, 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 Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.06, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.06 | 0.13 | 0.15 | 89 | Energy | |
| Energy Transfer LP | -0.04 | 0.08 | 0.12 | 82 | Energy | |
| Kinder Morgan, Inc. | 0.01 | 0.19 | 0.20 | 69 | Energy | |
| BlackRock Science and Technology Term Trust | 0.26 | 0.30 | 0.36 | 88 | Financial Services | |
| BlackRock Science and Technology Trust | 0.36 | 0.35 | 0.39 | 84 | Financial Services |
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