Looking to diversify beyond NAC? The mutual funds below have the lowest correlation with NAC — 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 NAC.
Best Diversifiers for NAC
15 mutual funds have low correlation with NAC (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Conservative Municipal Microshort Fund (FHMIX) (Municipal Bonds) with a 1Y correlation of 0.11, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Conservative Municipal Microshort... | 0.11 | 0.13 | 0.09 | 98 | Municipal Bonds | NAC vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.11 | 0.25 | 0.26 | 99 | Municipal Bonds | NAC vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.12 | 0.14 | 0.21 | 99 | Municipal Bonds | NAC vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.13 | 0.18 | 0.25 | 99 | Municipal Bonds | NAC vs DFCMX | |
| DFA NY Municipal Bond Portfolio | 0.14 | 0.25 | 0.28 | 99 | Municipal Bonds | NAC vs DNYMX |
See all 21 diversifiers for NAC
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