Looking to diversify beyond NEARX? The mutual funds below have the lowest correlation with NEARX — 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 NEARX.
Best Diversifiers for NEARX
21 mutual funds have low correlation with NEARX (below 0.3), 2 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of -0.09, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | -0.09 | 0.01 | 0.12 | 99 | Municipal Bonds | NEARX vs ATOIX | |
| DFA California Municipal Real Return Portfolio | -0.06 | 0.06 | 0.12 | 95 | Municipal Bonds | NEARX vs DCARX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.01 | 0.07 | 0.09 | 99 | Municipal Bonds | NEARX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05 | 0.16 | 0.12 | 99 | Municipal Bonds | NEARX vs FHMIX | |
| U.S. Global Investors Global Resources Fund | 0.05 | 0.03 | 0.02 | 56 | Energy Equities | NEARX vs PSPFX |
See all 23 diversifiers for NEARX
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