Looking to diversify beyond NMS? The mutual funds below have the lowest correlation with NMS — 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 NMS.
Best Diversifiers for NMS
15 mutual funds have low correlation with NMS (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Short Term Municipal Bond Portfolio (DFCMX) (Municipal Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Short Term Municipal Bond Portfolio | 0.08 | 0.11 | 0.16 | 99 | Municipal Bonds | NMS vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 0.11 | 0.09 | 0.13 | 99 | Municipal Bonds | NMS vs DFSMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.11 | 0.01 | 0.03 | 99 | Municipal Bonds | NMS vs TFCYX | |
| DFA NY Municipal Bond Portfolio | 0.12 | 0.19 | 0.18 | 99 | Municipal Bonds | NMS vs DNYMX | |
| Nuveen Mid Cap Value Fund | 0.13 | 0.19 | 0.13 | 82 | Mid Cap Value Equities | NMS vs FASEX |
See all 20 diversifiers for NMS
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