Looking to diversify beyond NMTFX? The mutual funds below have the lowest correlation with NMTFX — 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 NMTFX.
Best Diversifiers for NMTFX
15 mutual funds have low correlation with NMTFX (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 0.11, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.11 | 0.24 | 0.34 | 99 | Municipal Bonds | NMTFX vs DFSMX | |
| Allspring Diversified Capital Builder Fund | 0.11 | 0.10 | 0.10 | 95 | Diversified Portfolio | NMTFX vs EKBAX | |
| Allspring Small Company Value Fund | 0.12 | 0.12 | 0.08 | 51 | Small Cap Value Equities | NMTFX vs SCVAX | |
| Federated Hermes Conservative Municipal Microshort... | 0.16 | 0.20 | 0.16 | 99 | Municipal Bonds | NMTFX vs FHMIX | |
| Allspring Disciplined U.S. Core Fund | 0.16 | 0.12 | 0.09 | 70 | Large Cap Blend Equities | NMTFX vs EVSAX |
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