Looking to diversify beyond BTIIX? The mutual funds below have historically moved differently from BTIIX, 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 BTIIX
9 mutual funds have low correlation with BTIIX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS California Tax (KCTAX) (Municipal Bonds) with a 1Y correlation of 0.21, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS California Tax | 0.21 | 0.16 | 0.13 | 65 | Municipal Bonds | BTIIX vs KCTAX | |
| DWS Massachusetts Tax Free Fund | 0.22 | 0.16 | 0.14 | 73 | Municipal Bonds | BTIIX vs SCMAX | |
| DWS Intermediate Tax-Free Fund | 0.23 | 0.18 | 0.13 | 59 | Municipal Bonds | BTIIX vs SCMTX | |
| DWS Strategic High Yield Tax | 0.24 | 0.17 | 0.15 | 78 | High Yield Muni | BTIIX vs SHYTX | |
| DWS Short Term Municipal Bond Fund | 0.24 | 0.15 | 0.11 | 58 | Municipal Bonds | BTIIX vs MGSMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BTIIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.07, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.07 | 0.32 | 0.50 | 61 | Financial Services |
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