Looking to diversify beyond NPSRX? The mutual funds below have historically moved differently from NPSRX, 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 NPSRX
6 mutual funds have low correlation with NPSRX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.16, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.16 | 0.31 | 0.31 | 94 | Large Cap Value Equities | NPSRX vs SVAIX | |
| Nuveen Global Infrastructure Fund | 0.18 | 0.35 | 0.38 | 68 | Infrastructure Equities, Energy Equities | NPSRX vs FGIYX | |
| Nuveen Global Infrastructure Fund Class A | 0.18 | 0.36 | 0.38 | 66 | Infrastructure Equities, Global Equities | NPSRX vs FGIAX | |
| Nuveen Real Estate Securities Fund | 0.22 | 0.34 | 0.35 | 72 | REIT | NPSRX vs FARCX | |
| Nuveen Municipal Value Fund Inc. | 0.22 | 0.37 | 0.35 | 79 | Municipal Bonds | NPSRX vs NUV |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NPSRX, 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 Bank of America Corporation (BAC) (Financial Services) with a 1Y correlation of 0.25, roughly unchanged from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bank of America Corporation | 0.25 | 0.25 | 0.29 | 81 | Financial Services |
Build a portfolio that complements NPSRX
Add NPSRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NPSRX