Looking to diversify beyond NCHRX? The mutual funds below have the lowest correlation with NCHRX — 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 NCHRX.
Best Diversifiers for NCHRX
13 mutual funds have low correlation with NCHRX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | -0.01 | 0.17 | 0.21 | 94 | Municipal Bonds | NCHRX vs DMREX | |
| DFA California Municipal Real Return Portfolio | -0.01 | 0.20 | 0.23 | 94 | Municipal Bonds | NCHRX vs DCARX | |
| Nuveen Equity Long/Short Fund | 0.13 | 0.08 | 0.06 | 60 | Long-Short | NCHRX vs NELIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.15 | 0.30 | 0.36 | 99 | Municipal Bonds | NCHRX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.26 | 0.34 | 99 | Municipal Bonds | NCHRX vs DFSMX |
See all 31 diversifiers for NCHRX
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