Looking to diversify beyond NARAX? The mutual funds below have historically moved differently from NARAX, 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 NARAX
7 mutual funds have low correlation with NARAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.07, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.07 | 0.02 | 0.32 | 100 | Short-Term Bond | NARAX vs DFCFX | |
| GuidePath Absolute Return Allocation Fund | 0.12 | 0.42 | 0.54 | 69 | Short-Term Bond | NARAX vs GPARX | |
| The Merger Fund | 0.14 | 0.08 | 0.10 | 96 | Event Driven | NARAX vs MERFX | |
| DFA Short-Duration Real Return Portfolio | 0.20 | 0.14 | 0.35 | 98 | Short-Term Bond | NARAX vs DFAIX | |
| GuidepathConservative Income Fund | 0.24 | 0.27 | 0.36 | 99 | Short-Term Bond | NARAX vs GPICX |
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