Looking to diversify beyond NBMAX? The mutual funds below have the lowest correlation with NBMAX — 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 NBMAX.
Best Diversifiers for NBMAX
11 mutual funds have low correlation with NBMAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.13, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.13 | 0.24 | 0.35 | 99 | Municipal Bonds | NBMAX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.14 | 0.31 | 0.37 | 99 | Municipal Bonds | NBMAX vs USMSX | |
| Nuveen Equity Long/Short Fund | 0.17 | 0.10 | 0.07 | 58 | Long-Short | NBMAX vs NELIX | |
| Nuveen Mid Cap Value Fund | 0.18 | 0.13 | 0.08 | 81 | Mid Cap Value Equities | NBMAX vs FASEX | |
| DFA NY Municipal Bond Portfolio | 0.20 | 0.32 | 0.42 | 99 | Municipal Bonds | NBMAX vs DNYMX |
See all 24 diversifiers for NBMAX
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