Looking to diversify beyond NARAX? The mutual funds below have the lowest correlation with NARAX — 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 NARAX.
Best Diversifiers for NARAX
6 mutual funds have low correlation with NARAX (below 0.3), 0 of which are negatively correlated. The least correlated is The Merger Fund (MERFX) (Event Driven) with a 1Y correlation of 0.13, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Merger Fund | 0.13 | 0.09 | 0.10 | 97 | Event Driven | NARAX vs MERFX | |
| DFA Short-Duration Real Return Portfolio | 0.17 | 0.17 | 0.34 | 98 | Short-Term Bond | NARAX vs DFAIX | |
| GuidePath Absolute Return Allocation Fund | 0.19 | 0.46 | 0.55 | 57 | Short-Term Bond | NARAX vs GPARX | |
| Virtus Artificial Intelligence & Technology Opport... | 0.21 | 0.17 | 0.20 | 56 | Technology Equities | NARAX vs AIO | |
| GuidepathConservative Income Fund | 0.23 | 0.30 | 0.36 | 99 | Short-Term Bond | NARAX vs GPICX |
See all 17 diversifiers for NARAX
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