Looking to diversify beyond NASDX? The mutual funds below have the lowest correlation with NASDX — 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 NASDX.
Best Diversifiers for NASDX
31 mutual funds have low correlation with NASDX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of -0.07, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.07 | -0.01 | 0.01 | 99 | Municipal Bonds | NASDX vs TFCYX | |
| iShares Short-Term TIPS Bond Index Fund | 0.00 | 0.04 | 0.08 | 55 | Inflation-Protected Bonds | NASDX vs BIIPX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.01 | 0.06 | 0.12 | 89 | Inflation-Protected Bonds | NASDX vs VTAPX | |
| BlackRock Tactical Opportunities Fund Institutiona... | 0.04 | 0.24 | 0.18 | 75 | Tactical Allocation | NASDX vs PBAIX | |
| BlackRock Tactical Opportunities Fund | 0.04 | 0.24 | 0.19 | 72 | Macro Trading | NASDX vs PCBAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NASDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NASDX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.25, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.25 | -0.14 | -0.02 | 62 | Utilities | |
| Altria Group, Inc. | -0.24 | -0.10 | 0.00 | 70 | Consumer Defensive | |
| Chubb Limited | -0.24 | -0.06 | 0.10 | 68 | Financial Services | |
| The Coca-Cola Company | -0.23 | -0.06 | 0.11 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.20 | -0.04 | 0.07 | 68 | Energy |
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