Looking to diversify beyond NSTLX? The mutual funds below have historically moved differently from NSTLX, 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 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 -0.14, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | -0.14 | 0.10 | 0.20 | 66 | MLPs, Energy Equities | NSTLX vs NML | |
| Nationwide Strategic Income A | 0.18 | 0.28 | 0.23 | 99 | Multisector Bonds | NSTLX vs NWXEX | |
| CrossingBridge Low Duration High Yield Fund | 0.23 | 0.24 | 0.26 | 95 | Multisector Bonds | NSTLX vs CBLDX | |
| Nationwide Amundi Strategic Income Fund | 0.24 | 0.32 | 0.25 | 99 | Multisector Bonds | NSTLX vs NWXHX | |
| Neuberger Berman Emerging Markets Equity Fund | 0.27 | 0.21 | 0.30 | 55 | Emerging Markets Equities | NSTLX vs NEMIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NSTLX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.01, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.01 | 0.17 | 0.19 | 66 | Communication Services | |
| The Coca-Cola Company | 0.03 | 0.13 | 0.17 | 87 | Consumer Defensive | |
| Johnson & Johnson | 0.09 | 0.15 | 0.16 | 96 | Healthcare | |
| JPMorgan Chase & Co. | 0.16 | 0.10 | 0.19 | 73 | Financial Services | |
| Dollar General Corporation | 0.22 | 0.15 | 0.14 | 60 | Consumer Defensive |
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