Looking to diversify beyond NSITX? The mutual funds below have the lowest correlation with NSITX — 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 NSITX.
Best Diversifiers for NSITX
21 mutual funds have low correlation with NSITX (below 0.3), 0 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 0.03 | 0.08 | 0.12 | 99 | Municipal Bonds | NSITX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.03 | 0.08 | 0.08 | 99 | Municipal Bonds | NSITX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05 | 0.06 | 0.04 | 99 | Municipal Bonds | NSITX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | 0.09 | 0.21 | 0.33 | 99 | Municipal Bonds | NSITX vs DFSMX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 0.09 | 0.05 | 0.21 | 99 | Municipal Bonds | NSITX vs APUSX |
See all 26 diversifiers for NSITX
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