Looking to diversify beyond NYAAX? The mutual funds below have the lowest correlation with NYAAX — 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 NYAAX.
Best Diversifiers for NYAAX
14 mutual funds have low correlation with NYAAX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.18 | 0.20 | 95 | Municipal Bonds | NYAAX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.05 | 0.21 | 0.22 | 94 | Municipal Bonds | NYAAX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.27 | 0.37 | 99 | Municipal Bonds | NYAAX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.32 | 0.37 | 99 | Municipal Bonds | NYAAX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.19 | 0.33 | 0.40 | 99 | Municipal Bonds | NYAAX vs DFCMX |
See all 24 diversifiers for NYAAX
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