Looking to diversify beyond NTAUX? The mutual funds below have historically moved differently from NTAUX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NTAUX
40 mutual funds have low correlation with NTAUX (below 0.3), 5 of which are negatively correlated. The least correlated is T. Rowe Price Ultra Short-Term Bond Fund Class I (TRSTX) (Ultrashort Bond) with a 1Y correlation of -0.04, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.04 | 0.11 | 0.15 | 98 | Ultrashort Bond | NTAUX vs TRSTX | |
| PIMCO Short Asset Investment Fund | -0.04 | 0.02 | 0.08 | 100 | Ultrashort Bond | NTAUX vs PAIPX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | -0.01 | 0.05 | 0.06 | 96 | Ultrashort Bond | NTAUX vs UGSDX | |
| Fidelity Conservative Income Bond Institutional Cl... | -0.01 | 0.15 | 0.16 | 100 | Ultrashort Bond | NTAUX vs FCNVX | |
| DFA One Year Fixed Income Portfolio | -0.00 | 0.02 | 0.14 | 100 | Ultrashort Bond | NTAUX vs DFIHX |
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