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 Allspring Diversified Capital Builder Fund (EKBAX) (Diversified Portfolio) with a 1Y correlation of 0.14, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 0.14 | 0.11 | 0.10 | 92 | Diversified Portfolio | NMTFX vs EKBAX | |
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.25 | 0.34 | 100 | Municipal Bonds | NMTFX vs DFSMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.16 | 0.20 | 0.16 | 99 | Municipal Bonds | NMTFX vs FHMIX | |
| Allspring Disciplined U.S. Core Fund | 0.17 | 0.12 | 0.10 | 71 | Large Cap Blend Equities | NMTFX vs EVSAX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.33 | 0.38 | 99 | Municipal Bonds | NMTFX vs USMSX |
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