Looking to diversify beyond NPV? The mutual funds below have historically moved differently from NPV, 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 NPV
46 mutual funds have low correlation with NPV (below 0.3), 0 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 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.04 | 0.14 | 0.14 | 89 | Municipal Bonds | NPV vs DCARX | |
| JPMorgan Ultra-Short Municipal Fund | 0.07 | 0.22 | 0.22 | 98 | Municipal Bonds | NPV vs USMSX | |
| DFA Municipal Real Return Portfolio | 0.10 | 0.12 | 0.14 | 92 | Municipal Bonds | NPV vs DMREX | |
| JPMorgan Ultra-Short Municipal Fund | 0.10 | 0.23 | 0.22 | 98 | Municipal Bonds | NPV vs USMTX | |
| DFA NY Municipal Bond Portfolio | 0.11 | 0.18 | 0.24 | 99 | Municipal Bonds | NPV vs DNYMX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NPV
Add NPV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NPV