Looking to diversify beyond NRK? The mutual funds below have the lowest correlation with NRK — 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 NRK.
Best Diversifiers for NRK
27 mutual funds have low correlation with NRK (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.07, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.07 | 0.10 | 0.17 | 95 | Municipal Bonds | NRK vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.12 | 0.18 | 94 | Municipal Bonds | NRK vs DMREX | |
| DFA NY Municipal Bond Portfolio | 0.08 | 0.19 | 0.24 | 99 | Municipal Bonds | NRK vs DNYMX | |
| abrdn Ultra Short Municipal Income Fund | 0.08 | 0.13 | 0.13 | 99 | Municipal Bonds | NRK vs ATOIX | |
| DFA California Short Term Municipal Bond Portfolio | 0.11 | 0.17 | 0.24 | 99 | Municipal Bonds | NRK vs DFCMX |
See all 460 diversifiers for NRK
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Diversification Analysis
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