Looking to diversify beyond NCA? The mutual funds below have the lowest correlation with NCA — 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 NCA.
Best Diversifiers for NCA
23 mutual funds have low correlation with NCA (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Mid Cap Value Fund (FASEX) (Mid Cap Value Equities) with a 1Y correlation of 0.04, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Mid Cap Value Fund | 0.04 | 0.22 | 0.21 | 79 | Mid Cap Value Equities | NCA vs FASEX | |
| DFA Short Term Municipal Bond Portfolio | 0.05 | 0.07 | 0.09 | 100 | Municipal Bonds | NCA vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.07 | 0.12 | 0.11 | 99 | Municipal Bonds | NCA vs USMTX | |
| Federated Hermes Conservative Municipal Microshort... | 0.11 | 0.12 | 0.09 | 99 | Municipal Bonds | NCA vs FHMIX | |
| Nuveen Equity Index Fund Class I | 0.12 | 0.22 | 0.23 | 64 | Large Cap Blend Equities | NCA vs TIEIX |
See all 24 diversifiers for NCA
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