Looking to diversify beyond NAZ? The mutual funds below have the lowest correlation with NAZ — 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 NAZ.
Best Diversifiers for NAZ
25 mutual funds have low correlation with NAZ (below 0.3), 1 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | -0.02 | 0.14 | 0.17 | 99 | Municipal Bonds | NAZ vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.01 | 0.10 | 0.15 | 99 | Municipal Bonds | NAZ vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 0.02 | 0.06 | 0.06 | 99 | Municipal Bonds | NAZ vs ATOIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.02 | 0.20 | 0.22 | 65 | High Yield Muni | NAZ vs NVHIX | |
| DFA NY Municipal Bond Portfolio | 0.03 | 0.14 | 0.20 | 99 | Municipal Bonds | NAZ vs DNYMX |
See all 25 diversifiers for NAZ
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