Looking to diversify beyond NVHIX? The mutual funds below have historically moved differently from NVHIX, 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 NVHIX
24 mutual funds have low correlation with NVHIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Global Infrastructure Fund Class A (FGIAX) (Infrastructure Equities) with a 1Y correlation of 0.09, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Global Infrastructure Fund Class A | 0.09 | 0.17 | 0.16 | 66 | Infrastructure Equities, Global Equities | NVHIX vs FGIAX | |
| Nuveen Global Infrastructure Fund | 0.10 | 0.17 | 0.16 | 68 | Infrastructure Equities, Energy Equities | NVHIX vs FGIYX | |
| Nuveen Small-Cap Value Opportunities Fund | 0.17 | 0.09 | 0.10 | 84 | Small Cap Blend Equities | NVHIX vs NSCRX | |
| Nuveen Municipal Value Fund Inc. | 0.20 | 0.28 | 0.23 | 79 | Municipal Bonds | NVHIX vs NUV | |
| Nuveen Real Estate Securities Fund | 0.21 | 0.20 | 0.18 | 72 | REIT | NVHIX vs FARCX |
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