Looking to diversify beyond NAARX? The mutual funds below have the lowest correlation with NAARX — 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 NAARX.
Best Diversifiers for NAARX
2 mutual funds have low correlation with NAARX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.00, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.00 | 0.19 | 0.30 | 73 | Diversified Portfolio | NAARX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.18 | 0.40 | 64 | Diversified Portfolio | NAARX vs MHELX | |
| American Funds Short-Term Tax Exempt Bond Fund | 0.34 | 0.34 | 0.30 | 80 | Municipal Bonds | NAARX vs ASTEX | |
| Concorde Wealth Management Fund | 0.47 | 0.60 | 0.66 | 71 | Diversified Portfolio | NAARX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.48 | 0.65 | 0.68 | 95 | Diversified Portfolio | NAARX vs FCSRX |
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