Looking to diversify beyond NTKLX? The mutual funds below have the lowest correlation with NTKLX — 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 NTKLX.
Best Diversifiers for NTKLX
1 mutual funds have low correlation with NTKLX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.27, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.27 | 0.15 | 0.10 | 96 | Equity Market Neutral | NTKLX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.42 | 0.30 | 0.12 | 51 | Systematic Trend | NTKLX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.65 | 0.59 | 0.66 | 59 | Large Cap Growth Equities | NTKLX vs NASDX | |
| iShares S&P 500 Index Fund Class K | 0.72 | 0.67 | 0.73 | 65 | S&P 500 | NTKLX vs WFSPX | |
| Hood River International Opportunity Fund | 0.73 | 0.72 | — | 90 | Foreign Small & Mid Cap Equities | NTKLX vs HRIOX |
See all 18 diversifiers for NTKLX
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