Looking to diversify beyond AZTFX? The mutual funds below have the lowest correlation with AZTFX — 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 AZTFX.
Best Diversifiers for AZTFX
10 mutual funds have low correlation with AZTFX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.15, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.24 | 0.36 | 99 | Municipal Bonds | AZTFX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.20 | 0.35 | 0.43 | 99 | Municipal Bonds | AZTFX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.23 | 0.32 | 0.38 | 99 | Municipal Bonds | AZTFX vs USMSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.23 | 0.29 | — | 100 | Municipal Bonds | AZTFX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 0.26 | 0.29 | 0.28 | 99 | Municipal Bonds | AZTFX vs ATOIX |
See all 24 diversifiers for AZTFX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements AZTFX
Add AZTFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AZTFX