Looking to diversify beyond NAN? The mutual funds below have the lowest correlation with NAN — 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 NAN.
Best Diversifiers for NAN
15 mutual funds have low correlation with NAN (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.04, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.04 | 0.19 | 0.21 | 99 | Municipal Bonds | NAN vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.05 | 0.21 | 0.25 | 99 | Municipal Bonds | NAN vs DNYMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.06 | 0.18 | — | 100 | Municipal Bonds | NAN vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.08 | 0.15 | 0.23 | 99 | Municipal Bonds | NAN vs DFCMX | |
| abrdn Ultra Short Municipal Income Fund | 0.09 | 0.12 | 0.12 | 99 | Municipal Bonds | NAN vs ATOIX |
See all 19 diversifiers for NAN
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