Looking to diversify beyond NWFFX? The mutual funds below have historically moved differently from NWFFX, 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 NWFFX
1 mutual funds have low correlation with NWFFX (below 0.3), 0 of which are negatively correlated. The least correlated is The Cook & Bynum Fund (COBYX) (Emerging Markets Equities) with a 1Y correlation of 0.28, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Cook & Bynum Fund | 0.28 | 0.42 | 0.52 | 66 | Emerging Markets Equities | NWFFX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.46 | 0.65 | 0.71 | 92 | Emerging Markets Equities | NWFFX vs ESCIX | |
| American Funds The Income Fund of America Class A | 0.52 | 0.65 | 0.72 | 81 | Diversified Portfolio, Dividend | NWFFX vs AMECX | |
| American Funds Washington Mutual Investors Fund Cl... | 0.62 | 0.69 | 0.74 | 60 | Large Cap Blend Equities | NWFFX vs AWSHX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.69 | 0.72 | 0.74 | 77 | Emerging Markets Equities | NWFFX vs EMPTX |
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