Looking to diversify beyond NUVBX? The mutual funds below have historically moved differently from NUVBX, 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 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 0.01, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.01 | 0.15 | 0.23 | 91 | Municipal Bonds | NUVBX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.19 | 0.25 | 94 | Municipal Bonds | NUVBX vs DMREX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.32 | 0.39 | 98 | Municipal Bonds | NUVBX vs USMSX | |
| Nuveen Mid Cap Value Fund | 0.22 | 0.13 | 0.09 | 84 | Mid Cap Value Equities | NUVBX vs FASEX | |
| DFA NY Municipal Bond Portfolio | 0.22 | 0.35 | 0.44 | 99 | Municipal Bonds | NUVBX vs DNYMX |
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