Looking to diversify beyond NPV? The mutual funds below have the lowest correlation with NPV — 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 NPV.
Best Diversifiers for NPV
108 mutual funds have low correlation with NPV (below 0.3), 1 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of -0.00, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | -0.00 | 0.23 | 0.21 | 99 | Municipal Bonds | NPV vs USMSX | |
| DFA California Municipal Real Return Portfolio | 0.05 | 0.16 | 0.15 | 96 | Municipal Bonds | NPV vs DCARX | |
| DFA California Short Term Municipal Bond Portfolio | 0.05 | 0.20 | 0.22 | 99 | Municipal Bonds | NPV vs DFCMX | |
| DFA MN Municipal Bond Portfolio | 0.07 | 0.25 | 0.27 | 93 | Municipal Bonds | NPV vs DMNBX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.12 | 0.14 | 95 | Municipal Bonds | NPV vs DMREX |
See all 449 diversifiers for NPV
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