Looking to diversify beyond NSOIX? The mutual funds below have the lowest correlation with NSOIX — 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 NSOIX.
Best Diversifiers for NSOIX
2 mutual funds have low correlation with NSOIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.16, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.16 | -0.01 | 0.08 | 60 | Diversified Portfolio | NSOIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.14 | 0.50 | 67 | Diversified Portfolio | NSOIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.52 | 0.57 | 86 | Diversified Portfolio | NSOIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.53 | 0.57 | 90 | Diversified Portfolio | NSOIX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.35 | 0.52 | 0.58 | 90 | Diversified Portfolio | NSOIX vs FSRRX |
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