Looking to diversify beyond NCA? The mutual funds below have historically moved differently from NCA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NCA
24 mutual funds have low correlation with NCA (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Real Estate Securities Fund (FARCX) (REIT) with a 1Y correlation of 0.02, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Real Estate Securities Fund | 0.02 | 0.22 | 0.21 | 72 | REIT | NCA vs FARCX | |
| Nuveen Mid Cap Value Fund | 0.04 | 0.21 | 0.20 | 84 | Mid Cap Value Equities | NCA vs FASEX | |
| DFA Short Term Municipal Bond Portfolio | 0.07 | 0.09 | 0.10 | 100 | Municipal Bonds | NCA vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.10 | 0.13 | 0.12 | 98 | Municipal Bonds | NCA vs USMTX | |
| BlackRock MuniYield Michigan Quality Fund | 0.13 | 0.33 | 0.34 | 58 | Municipal Bonds | NCA vs MIY |
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