Looking to diversify beyond NCATX? The mutual funds below have the lowest correlation with NCATX — 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 NCATX.
Best Diversifiers for NCATX
21 mutual funds have low correlation with NCATX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.19 | 0.23 | 96 | Municipal Bonds | NCATX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.21 | 0.24 | 95 | Municipal Bonds | NCATX vs DMREX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05 | 0.11 | 0.08 | 98 | Municipal Bonds | NCATX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.05 | 0.09 | 0.10 | 98 | Municipal Bonds | NCATX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 0.10 | 0.10 | 0.20 | 98 | Municipal Bonds | NCATX vs APUSX |
See all 28 diversifiers for NCATX
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