Looking to diversify beyond NKX? The mutual funds below have the lowest correlation with NKX — 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 NKX.
Best Diversifiers for NKX
16 mutual funds have low correlation with NKX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.05, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.05 | 0.08 | 0.16 | 99 | Municipal Bonds | NKX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.06 | 0.18 | 0.19 | 99 | Municipal Bonds | NKX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.07 | 0.19 | 0.21 | 99 | Municipal Bonds | NKX vs USMTX | |
| DFA California Short Term Municipal Bond Portfolio | 0.07 | 0.15 | 0.22 | 99 | Municipal Bonds | NKX vs DFCMX | |
| abrdn Ultra Short Municipal Income Fund | 0.07 | 0.08 | 0.07 | 99 | Municipal Bonds | NKX vs ATOIX |
See all 19 diversifiers for NKX
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