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
7 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 0.18, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS California Tax | 0.18 | 0.16 | 0.12 | 57 | Municipal Bonds | BTIIX vs KCTAX | |
| DWS Massachusetts Tax Free Fund | 0.19 | 0.16 | 0.13 | 71 | Municipal Bonds | BTIIX vs SCMAX | |
| DWS Strategic High Yield Tax | 0.20 | 0.16 | 0.13 | 59 | High Yield Muni | BTIIX vs SHYTX | |
| DWS Intermediate Tax-Free Fund | 0.22 | 0.18 | 0.12 | 64 | Municipal Bonds | BTIIX vs SCMTX | |
| DWS Short Term Municipal Bond Fund | 0.24 | 0.15 | 0.11 | 71 | Municipal Bonds | BTIIX vs MGSMX |
See all 51 diversifiers for BTIIX
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