Looking to diversify beyond NUGIX? The mutual funds below have the lowest correlation with NUGIX — 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 NUGIX.
Best Diversifiers for NUGIX
2 mutual funds have low correlation with NUGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) (High Yield Muni) with a 1Y correlation of 0.24, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.24 | 0.15 | 0.13 | 62 | High Yield Muni | NUGIX vs NVHIX | |
| Nuveen High Yield Municipal Bond Fund | 0.28 | 0.17 | 0.15 | 61 | High Yield Muni | NUGIX vs NHMRX | |
| Nuveen Preferred Securities & Income Fund | 0.39 | 0.38 | 0.40 | 76 | Preferred Stock/Convertible Bonds | NUGIX vs NPSRX | |
| Artisan Global Equity Fund | 0.57 | 0.71 | 0.78 | 62 | Global Equities | NUGIX vs ARTHX | |
| Polaris Global Value Fund | 0.59 | 0.70 | 0.78 | 90 | Global Equities | NUGIX vs PGVFX |
See all 27 diversifiers for NUGIX
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