Looking to diversify beyond NSTLX? The mutual funds below have the lowest correlation with NSTLX — 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 NSTLX.
Best Diversifiers for NSTLX
5 mutual funds have low correlation with NSTLX (below 0.3), 1 of which are negatively correlated. The least correlated is Neuberger Berman MLP (NML) (MLPs) with a 1Y correlation of -0.11, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | -0.11 | 0.12 | 0.21 | 57 | MLPs, Energy Equities | NSTLX vs NML | |
| Nationwide Strategic Income A | 0.10 | 0.28 | 0.23 | 99 | Multisector Bonds | NSTLX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.16 | 0.32 | 0.24 | 99 | Multisector Bonds | NSTLX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.24 | 0.24 | 0.26 | 97 | Multisector Bonds | NSTLX vs CBLDX | |
| Neuberger Berman Floating Rate Income Fund | 0.26 | 0.26 | 0.38 | 93 | Bank Loan | NSTLX vs NFIAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NSTLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NSTLX and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.03 | 0.18 | 0.19 | 57 | Communication Services | |
| The Coca-Cola Company | 0.06 | 0.13 | 0.17 | 83 | Consumer Defensive | |
| JPMorgan Chase & Co. | 0.14 | 0.10 | 0.19 | 69 | Financial Services | |
| Johnson & Johnson | 0.15 | 0.15 | 0.17 | 97 | Healthcare | |
| Dollar General Corporation | 0.22 | 0.14 | 0.14 | 54 | Consumer Defensive |
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