Looking to diversify beyond NMTRX? The mutual funds below have the lowest correlation with NMTRX — 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 NMTRX.
Best Diversifiers for NMTRX
21 mutual funds have low correlation with NMTRX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.16 | 0.20 | 94 | Municipal Bonds | NMTRX vs DCARX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.01 | -0.10 | -0.23 | 64 | Systematic Trend | NMTRX vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.01 | 0.01 | 0.02 | 96 | Long-Short | NMTRX vs BDMIX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.19 | 0.21 | 94 | Municipal Bonds | NMTRX vs DMREX | |
| BlackRock Technology Opportunities Fund Investor A | 0.14 | 0.11 | 0.11 | 69 | Technology Equities | NMTRX vs BGSAX |
See all 458 diversifiers for NMTRX
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