Looking to diversify beyond NIM? The mutual funds below have the lowest correlation with NIM — 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 NIM.
Best Diversifiers for NIM
17 mutual funds have low correlation with NIM (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.09 | 0.12 | 0.13 | 99 | Municipal Bonds | NIM vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.09 | 0.07 | 0.11 | 99 | Municipal Bonds | NIM vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.10 | 0.13 | 0.15 | 99 | Municipal Bonds | NIM vs DNYMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.10 | 0.17 | 0.21 | 100 | Municipal Bonds | NIM vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.10 | 0.12 | 0.14 | 99 | Municipal Bonds | NIM vs USMTX |
See all 20 diversifiers for NIM
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