Looking to diversify beyond NSIOX? The mutual funds below have the lowest correlation with NSIOX — 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 NSIOX.
Best Diversifiers for NSIOX
4 mutual funds have low correlation with NSIOX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Equity Long/Short Fund (NELIX) (Long-Short) with a 1Y correlation of 0.17, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Long/Short Fund | 0.17 | 0.09 | 0.08 | 58 | Long-Short | NSIOX vs NELIX | |
| Nuveen Mid Cap Value Fund | 0.20 | 0.13 | 0.09 | 81 | Mid Cap Value Equities | NSIOX vs FASEX | |
| Pacific Funds Floating Rate Income | 0.22 | 0.22 | 0.26 | 82 | Bank Loan | NSIOX vs PLFRX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.22 | 0.14 | 0.14 | 62 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | NSIOX vs QQQX | |
| Nuveen Preferred Securities & Income Fund | 0.53 | 0.59 | 0.50 | 73 | Preferred Stock/Convertible Bonds | NSIOX vs NPSRX |
See all 28 diversifiers for NSIOX
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