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
18 mutual funds have low correlation with NMTRX (below 0.3), 3 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (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 |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.14 | 0.20 | 95 | Municipal Bonds | NMTRX vs DCARX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.01 | 0.01 | 0.02 | 96 | Equity Market Neutral | NMTRX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.01 | -0.09 | -0.23 | 56 | Systematic Trend | NMTRX vs ASFYX | |
| DFA Municipal Real Return Portfolio | 0.04 | 0.18 | 0.21 | 95 | Municipal Bonds | NMTRX vs DMREX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.17 | 0.11 | 0.11 | 53 | Large Cap Growth Equities | NMTRX vs NASDX |
See all 465 diversifiers for NMTRX
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