Looking to diversify beyond NCHRX? The mutual funds below have historically moved differently from NCHRX, 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 NCHRX
15 mutual funds have low correlation with NCHRX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | -0.03 | 0.17 | 0.21 | 94 | Municipal Bonds | NCHRX vs DMREX | |
| DFA California Municipal Real Return Portfolio | 0.00 | 0.18 | 0.23 | 91 | Municipal Bonds | NCHRX vs DCARX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.26 | 0.35 | 100 | Municipal Bonds | NCHRX vs DFSMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.21 | 0.24 | 0.22 | 99 | Municipal Bonds | NCHRX vs TFCYX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.22 | 0.13 | 0.13 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | NCHRX vs QQQX |
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