Looking to diversify beyond NUSIX? The mutual funds below have the lowest correlation with NUSIX — 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 NUSIX.
Best Diversifiers for NUSIX
67 mutual funds have low correlation with NUSIX (below 0.3), 4 of which are negatively correlated. The least correlated is Saratoga Municipal Bond Portfolio (SMBPX) (Ultrashort Bond) with a 1Y correlation of -0.04, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Saratoga Municipal Bond Portfolio | -0.04 | 0.09 | 0.09 | 92 | Ultrashort Bond | NUSIX vs SMBPX | |
| PIMCO Short Asset Investment Fund | -0.04 | 0.02 | 0.08 | 100 | Ultrashort Bond | NUSIX vs PAIPX | |
| Tactical Multi-Purpose Fund | -0.04 | -0.04 | 0.02 | 100 | Ultrashort Bond | NUSIX vs TMPFX | |
| Baird Ultra Short Bond Fund | -0.03 | 0.04 | 0.14 | 100 | Ultrashort Bond | NUSIX vs BUBSX | |
| Northern Ultra-Short Fixed Income Fund | 0.01 | 0.06 | 0.16 | 98 | Ultrashort Bond | NUSIX vs NUSFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NUSIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NUSIX and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.01, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.01 | 0.02 | 0.02 | 74 | Energy |
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