Looking to diversify beyond NQGIX? The mutual funds below have historically moved differently from NQGIX, 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 NQGIX
0 mutual funds have low correlation with NQGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) (High Yield Muni) with a 1Y correlation of 0.30, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.30 | 0.15 | 0.14 | 91 | High Yield Muni | NQGIX vs NVHIX | |
| Nuveen High Yield Municipal Bond Fund | 0.34 | 0.18 | 0.14 | 89 | High Yield Muni | NQGIX vs NHMRX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.41 | 0.56 | 0.68 | 93 | Dividend | NQGIX vs SVAAX | |
| Nuveen Preferred Securities & Income Fund | 0.45 | 0.40 | 0.42 | 73 | Preferred Stock | NQGIX vs NPSRX | |
| GQG Partners Global Quality Dividend Income Fund | 0.46 | 0.67 | 0.75 | 70 | Quality Factor, Global Equities | NQGIX vs GQFPX |
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