Looking to diversify beyond NUVBX? The mutual funds below have the lowest correlation with NUVBX — 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 NUVBX.
Best Diversifiers for NUVBX
13 mutual funds have low correlation with NUVBX (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 0.00, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.00 | 0.16 | 0.23 | 95 | Municipal Bonds | NUVBX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.20 | 0.24 | 95 | Municipal Bonds | NUVBX vs DMREX | |
| Nuveen Mid Cap Value Fund | 0.19 | 0.12 | 0.08 | 84 | Mid Cap Value Equities | NUVBX vs FASEX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.32 | 0.39 | 99 | Municipal Bonds | NUVBX vs USMSX | |
| Nuveen Equity Index Fund Class I | 0.20 | 0.14 | 0.12 | 61 | Large Cap Blend Equities | NUVBX vs TIEIX |
See all 26 diversifiers for NUVBX
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