Looking to diversify beyond NMTRX? The mutual funds below have historically moved differently from NMTRX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NMTRX
18 mutual funds have low correlation with NMTRX (below 0.3), 3 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of -0.05, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | -0.05 | 0.01 | 0.02 | 98 | Equity Market Neutral | NMTRX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.04 | -0.10 | -0.23 | 67 | Systematic Trend | NMTRX vs ASFYX | |
| DFA California Municipal Real Return Portfolio | -0.03 | 0.14 | 0.20 | 89 | Municipal Bonds | NMTRX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.18 | 0.22 | 92 | Municipal Bonds | NMTRX vs DMREX | |
| BlackRock Enhanced Equity Dividend Trust | 0.21 | 0.16 | 0.11 | 66 | Derivative Income | NMTRX vs BDJ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NMTRX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.30 | 0.18 | 0.16 | 89 |
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