Looking to diversify beyond NOM? The mutual funds below have the lowest correlation with NOM — 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 NOM.
Best Diversifiers for NOM
14 mutual funds have low correlation with NOM (below 0.3), 3 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of -0.05, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | -0.05 | 0.07 | 0.11 | 99 | Municipal Bonds | NOM vs DFSMX | |
| DFA NY Municipal Bond Portfolio | -0.04 | 0.15 | 0.14 | 99 | Municipal Bonds | NOM vs DNYMX | |
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | -0.01 | 0.10 | 0.11 | 71 | Large Cap Growth Equities | NOM vs QQQX | |
| Nuveen Mid Cap Value Fund | 0.01 | 0.12 | 0.07 | 70 | Mid Cap Value Equities | NOM vs FASEX | |
| Nuveen Minnesota Quality Municipal Income Fund | 0.04 | 0.25 | 0.18 | 62 | Municipal Bonds | NOM vs NMS |
See all 14 diversifiers for NOM
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