Looking to diversify beyond NCITX? The mutual funds below have the lowest correlation with NCITX — 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 NCITX.
Best Diversifiers for NCITX
17 mutual funds have low correlation with NCITX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Conservative Municipal Microshort Fund (FHMIX) (Municipal Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Conservative Municipal Microshort... | 0.05 | 0.11 | 0.08 | 99 | Municipal Bonds | NCITX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.08 | 0.11 | 0.11 | 99 | Municipal Bonds | NCITX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 0.12 | 0.10 | 0.20 | 99 | Municipal Bonds | NCITX vs APUSX | |
| abrdn Ultra Short Municipal Income Fund | 0.13 | 0.12 | 0.14 | 99 | Municipal Bonds | NCITX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.23 | 0.33 | 99 | Municipal Bonds | NCITX vs DFSMX |
See all 27 diversifiers for NCITX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NCITX
Add NCITX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NCITX