Looking to diversify beyond NQP? The mutual funds below have the lowest correlation with NQP — 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 NQP.
Best Diversifiers for NQP
101 mutual funds have low correlation with NQP (below 0.3), 3 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.09, 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 | -0.09 | 0.12 | 0.14 | 96 | Municipal Bonds | NQP vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.05 | 0.15 | 0.15 | 95 | Municipal Bonds | NQP vs DMREX | |
| JPMorgan Ultra-Short Municipal Fund | -0.00 | 0.22 | 0.22 | 99 | Municipal Bonds | NQP vs USMSX | |
| AB Municipal Bond Inflation Strategy | 0.03 | 0.27 | 0.25 | 94 | Municipal Bonds | NQP vs AUNYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.07 | 0.09 | 0.07 | 98 | Municipal Bonds | NQP vs FHMIX |
See all 430 diversifiers for NQP
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