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
21 mutual funds have low correlation with NCA (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 0.02, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.02 | 0.08 | 0.09 | 99 | Municipal Bonds | NCA vs DFSMX | |
| Nuveen Mid Cap Value Fund | 0.04 | 0.22 | 0.22 | 81 | Mid Cap Value Equities | NCA vs FASEX | |
| JPMorgan Ultra-Short Municipal Fund | 0.06 | 0.12 | 0.11 | 99 | Municipal Bonds | NCA vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.13 | 0.15 | 0.16 | 99 | Municipal Bonds | NCA vs USMSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.13 | 0.12 | 0.09 | 99 | Municipal Bonds | NCA vs FHMIX |
See all 23 diversifiers for NCA
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