Looking to diversify beyond NUSFX? The mutual funds below have historically moved differently from NUSFX, 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 NUSFX
65 mutual funds have low correlation with NUSFX (below 0.3), 2 of which are negatively correlated. The least correlated is Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) (Ultrashort Bond) with a 1Y correlation of -0.06, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | -0.06 | 0.04 | -0.01 | 97 | Ultrashort Bond | NUSFX vs TSDUX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.05 | 0.12 | 0.19 | 99 | Ultrashort Bond | NUSFX vs TRSTX | |
| Navigator Ultra Short Term Bond Fund | 0.00 | 0.06 | 0.15 | 100 | Ultrashort Bond | NUSFX vs NUSIX | |
| PIMCO Short Asset Investment Fund | 0.01 | 0.08 | 0.10 | 100 | Ultrashort Bond | NUSFX vs PAIPX | |
| PIMCO Short Term Fund | 0.01 | -0.04 | 0.01 | 99 | Ultrashort Bond | NUSFX vs PTSHX |
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