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
90 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.04 | 0.15 | 0.14 | 95 | Municipal Bonds | NPV vs DCARX | |
| JPMorgan Ultra-Short Municipal Fund | 0.05 | 0.22 | 0.21 | 99 | Municipal Bonds | NPV vs USMSX | |
| DFA MN Municipal Bond Portfolio | 0.07 | 0.25 | 0.28 | 95 | Municipal Bonds | NPV vs DMNBX | |
| DFA NY Municipal Bond Portfolio | 0.09 | 0.18 | 0.23 | 99 | Municipal Bonds | NPV vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.09 | 0.20 | 0.22 | 99 | Municipal Bonds | NPV vs DFCMX |
See all 464 diversifiers for NPV
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