Looking to diversify beyond COTFX? The mutual funds below have the lowest correlation with COTFX — 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 COTFX.
Best Diversifiers for COTFX
7 mutual funds have low correlation with COTFX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.20, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.25 | 0.36 | 99 | Municipal Bonds | COTFX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.22 | 0.29 | — | 100 | Municipal Bonds | COTFX vs DFABX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.23 | 0.21 | 0.21 | 99 | Municipal Bonds | COTFX vs TFCYX | |
| DFA NY Municipal Bond Portfolio | 0.24 | 0.33 | 0.42 | 99 | Municipal Bonds | COTFX vs DNYMX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.24 | 0.24 | 0.21 | 76 | Diversified Portfolio, Municipal Bonds | COTFX vs VTMFX |
See all 24 diversifiers for COTFX
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