Looking to diversify beyond COTFX? The mutual funds below have historically moved differently from COTFX, 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 COTFX
10 mutual funds have low correlation with COTFX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.24 | 0.22 | 0.21 | 99 | Municipal Bonds | COTFX vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.24 | 0.29 | — | 100 | Municipal Bonds | COTFX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 0.26 | 0.29 | 0.30 | 100 | Municipal Bonds | COTFX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.26 | 0.26 | 0.36 | 100 | Municipal Bonds | COTFX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.27 | 0.34 | 0.43 | 99 | Municipal Bonds | COTFX vs DNYMX |
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