Looking to diversify beyond USNYX? The mutual funds below have historically moved differently from USNYX, 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 USNYX
13 mutual funds have low correlation with USNYX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.20 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 | -0.03 | 0.16 | 0.20 | 91 | Municipal Bonds | USNYX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.00 | 0.19 | 0.21 | 94 | Municipal Bonds | USNYX vs DMREX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.05 | — | — | 100 | Nontraditional Bonds | USNYX vs CBYYX | |
| Victory Global Energy Transition Fund | 0.10 | 0.07 | 0.04 | 96 | Energy Equities | USNYX vs RSNRX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.25 | 0.32 | 100 | Municipal Bonds | USNYX vs DFSMX |
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