Looking to diversify beyond BTIIX? The mutual funds below have the lowest correlation with BTIIX — 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 BTIIX.
Best Diversifiers for BTIIX
6 mutual funds have low correlation with BTIIX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS Massachusetts Tax Free Fund (SCMAX) (Municipal Bonds) with a 1Y correlation of 0.20, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS Massachusetts Tax Free Fund | 0.20 | 0.16 | 0.14 | 81 | Municipal Bonds | BTIIX vs SCMAX | |
| DWS California Tax | 0.21 | 0.16 | 0.12 | 75 | Municipal Bonds | BTIIX vs KCTAX | |
| DWS Strategic High Yield Tax | 0.22 | 0.17 | 0.14 | 77 | High Yield Muni | BTIIX vs SHYTX | |
| DWS Short Term Municipal Bond Fund | 0.22 | 0.15 | 0.11 | 71 | Municipal Bonds | BTIIX vs MGSMX | |
| DWS Intermediate Tax-Free Fund | 0.23 | 0.18 | 0.13 | 67 | Municipal Bonds | BTIIX vs SCMTX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BTIIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BTIIX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.10, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.10 | 0.33 | 0.51 | 53 | Financial Services |
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