Looking to diversify beyond NSMIX? The mutual funds below have historically moved differently from NSMIX, 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 NSMIX
18 mutual funds have low correlation with NSMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Dividend Income Fund Class A (LBSAX) (Large Cap Value Equities) with a 1Y correlation of 0.13, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Dividend Income Fund Class A | 0.13 | 0.14 | 0.09 | 89 | Large Cap Value Equities | NSMIX vs LBSAX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.13 | 0.14 | 0.09 | 90 | Large Cap Value Equities, Dividend | NSMIX vs CDDYX | |
| Columbia Dividend Income Fund | 0.13 | 0.14 | 0.09 | 90 | Large Cap Value Equities | NSMIX vs GSFTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.14 | 0.25 | — | 100 | Municipal Bonds | NSMIX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.25 | 0.37 | 100 | Municipal Bonds | NSMIX vs DFSMX |
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