Looking to diversify beyond NMT? The mutual funds below have the lowest correlation with NMT — 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 NMT.
Best Diversifiers for NMT
22 mutual funds have low correlation with NMT (below 0.3), 2 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | -0.02 | 0.15 | 0.18 | 99 | Municipal Bonds | NMT vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | -0.01 | 0.14 | 0.20 | 99 | Municipal Bonds | NMT vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.02 | 0.13 | 0.18 | 99 | Municipal Bonds | NMT vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.07 | 0.16 | 0.21 | 99 | Municipal Bonds | NMT vs DFCMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.07 | 0.10 | 0.07 | 99 | Municipal Bonds | NMT vs FHMIX |
See all 22 diversifiers for NMT
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NMT
Add NMT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NMT