Looking to diversify beyond NEARX? The mutual funds below have historically moved differently from NEARX, 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 NEARX
24 mutual funds have low correlation with NEARX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.06, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.06 | 0.06 | 0.12 | 91 | Municipal Bonds | NEARX vs DCARX | |
| abrdn Ultra Short Municipal Income Fund | -0.05 | -0.00 | 0.11 | 100 | Municipal Bonds | NEARX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.02 | 0.05 | 0.08 | 99 | Municipal Bonds | NEARX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.06 | 0.14 | 0.11 | 99 | Municipal Bonds | NEARX vs FHMIX | |
| DFA Municipal Real Return Portfolio | 0.06 | 0.12 | 0.15 | 94 | Municipal Bonds | NEARX vs DMREX |
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