Looking to diversify beyond NWFFX? The mutual funds below have the lowest correlation with NWFFX — 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 NWFFX.
Best Diversifiers for NWFFX
0 mutual funds have low correlation with NWFFX (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) (Emerging Markets Diversified) with a 1Y correlation of 0.49, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.49 | 0.66 | 0.71 | 83 | Emerging Markets Diversified | NWFFX vs ESCIX | |
| American Funds The Income Fund of America Class A | 0.56 | 0.66 | 0.73 | 57 | Diversified Portfolio, Dividend | NWFFX vs AMECX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.66 | 0.71 | 0.73 | 86 | Emerging Markets Diversified | NWFFX vs EMPTX | |
| Delaware Emerging Markets Fund | 0.75 | 0.76 | 0.79 | 96 | Emerging Markets Diversified | NWFFX vs DEMIX | |
| American Funds American Balanced Fund Class A | 0.82 | 0.80 | 0.82 | 80 | Diversified Portfolio | NWFFX vs ABALX |
See all 21 diversifiers for NWFFX
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