Looking to diversify beyond NWQIX? The mutual funds below have the lowest correlation with NWQIX — 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 NWQIX.
Best Diversifiers for NWQIX
1 mutual funds have low correlation with NWQIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.13, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.13 | 0.20 | 0.41 | 67 | Diversified Portfolio | NWQIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.53 | 0.56 | 82 | Diversified Portfolio | NWQIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.52 | 0.57 | 88 | Diversified Portfolio | NWQIX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.53 | 0.57 | 86 | Diversified Portfolio | NWQIX vs FSIRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.35 | 0.54 | 0.57 | 88 | Diversified Portfolio | NWQIX vs FSRKX |
See all 383 diversifiers for NWQIX
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Diversification Analysis
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