Looking to diversify beyond NTFIX? The mutual funds below have the lowest correlation with NTFIX — 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 NTFIX.
Best Diversifiers for NTFIX
14 mutual funds have low correlation with NTFIX (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 0.05, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.05 | 0.21 | 0.21 | 95 | Municipal Bonds | NTFIX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.21 | 0.22 | 94 | Municipal Bonds | NTFIX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.12 | 0.24 | 0.32 | 99 | Municipal Bonds | NTFIX vs DFSMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.14 | 0.20 | 0.19 | 99 | Municipal Bonds | NTFIX vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.15 | 0.26 | 0.37 | 100 | Municipal Bonds | NTFIX vs DFABX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NTFIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NTFIX and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.12, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.12 | 0.06 | 0.08 | 52 | Consumer Cyclical |
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