Looking to diversify beyond NVLIX? The mutual funds below have historically moved differently from NVLIX, 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 NVLIX
37 mutual funds have low correlation with NVLIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Real Estate Securities Fund (FARCX) (REIT) with a 1Y correlation of 0.02, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Real Estate Securities Fund | 0.02 | 0.21 | 0.40 | 71 | REIT | NVLIX vs FARCX | |
| Nuveen Global Infrastructure Fund | 0.06 | 0.22 | 0.43 | 59 | Infrastructure Equities, Energy Equities | NVLIX vs FGIYX | |
| Nuveen Global Infrastructure Fund Class A | 0.09 | 0.22 | 0.43 | 58 | Infrastructure Equities, Global Equities | NVLIX vs FGIAX | |
| Nuveen Real Asset Income Fund | 0.14 | 0.26 | 0.45 | 83 | Global Allocation | NVLIX vs NRIIX | |
| Nuveen Wisconsin Municipal Bond Fund | 0.15 | 0.06 | 0.07 | 83 | Municipal Bonds | NVLIX vs FWIAX |
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