Looking to diversify beyond CBTAX? The mutual funds below have the lowest correlation with CBTAX — 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 CBTAX.
Best Diversifiers for CBTAX
16 mutual funds have low correlation with CBTAX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | -0.01 | 0.21 | 0.24 | 94 | Municipal Bonds | CBTAX vs DMREX | |
| DFA California Municipal Real Return Portfolio | 0.06 | 0.20 | 0.23 | 95 | Municipal Bonds | CBTAX vs DCARX | |
| Federated Hermes Conservative Municipal Microshort... | 0.08 | 0.12 | 0.09 | 99 | Municipal Bonds | CBTAX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.10 | 0.09 | 0.09 | 99 | Municipal Bonds | CBTAX vs TFCYX | |
| PIMCO Short Term Fund | 0.15 | -0.05 | -0.02 | 99 | Ultrashort Bond | CBTAX vs PTSHX |
See all 30 diversifiers for CBTAX
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