Looking to diversify beyond NNY? The mutual funds below have the lowest correlation with NNY — 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 NNY.
Best Diversifiers for NNY
17 mutual funds have low correlation with NNY (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 0.09, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.09 | 0.08 | 0.08 | 99 | Municipal Bonds | NNY vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.12 | 0.19 | 0.14 | 99 | Municipal Bonds | NNY vs DNYMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.12 | 0.10 | 0.08 | 99 | Municipal Bonds | NNY vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.12 | 0.12 | — | 100 | Municipal Bonds | NNY vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.14 | 0.20 | 0.18 | 99 | Municipal Bonds | NNY vs USMSX |
See all 19 diversifiers for NNY
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