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
23 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 (USMTX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | -0.03 | 0.14 | 0.20 | 99 | Municipal Bonds | NMT vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | -0.02 | 0.15 | 0.18 | 99 | Municipal Bonds | NMT vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.06 | 0.12 | 0.18 | 100 | Municipal Bonds | NMT vs DFSMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.08 | 0.10 | 0.07 | 99 | Municipal Bonds | NMT vs FHMIX | |
| DFA NY Municipal Bond Portfolio | 0.09 | 0.17 | 0.20 | 99 | Municipal Bonds | NMT vs DNYMX |
See all 23 diversifiers for NMT
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