Looking to diversify beyond NVLIX? The mutual funds below have the lowest correlation with NVLIX — 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 NVLIX.
Best Diversifiers for NVLIX
35 mutual funds have low correlation with NVLIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Global Infrastructure Fund (FGIYX) (Energy Equities) with a 1Y correlation of 0.14, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Global Infrastructure Fund | 0.14 | 0.25 | 0.45 | 50 | Energy Equities | NVLIX vs FGIYX | |
| Nuveen Wisconsin Municipal Bond Fund | 0.15 | 0.06 | 0.07 | 74 | Municipal Bonds | NVLIX vs FWIAX | |
| Nuveen Short Term Municipal Bond Fund | 0.15 | 0.09 | 0.06 | 72 | Municipal Bonds | NVLIX vs FSHYX | |
| Nuveen California High Yield Municipal Bond Fund | 0.15 | 0.07 | 0.10 | 68 | Municipal Bonds | NVLIX vs NCHRX | |
| Nuveen Colorado Municipal Bond Fund | 0.15 | 0.07 | 0.10 | 72 | Municipal Bonds | NVLIX vs FCOTX |
See all 88 diversifiers for NVLIX
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Diversification Analysis
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