Looking to diversify beyond CTTLX? The mutual funds below have historically moved differently from CTTLX, 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 CTTLX
12 mutual funds have low correlation with CTTLX (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 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.28 | 0.38 | 100 | Municipal Bonds | CTTLX vs DFSMX | |
| Calvert Emerging Markets Equity Fund | 0.22 | 0.13 | 0.14 | 68 | Emerging Markets Equities | CTTLX vs CVMIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.23 | 0.35 | 0.43 | 98 | Municipal Bonds | CTTLX vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.23 | 0.29 | 0.41 | 99 | Municipal Bonds | CTTLX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 0.23 | 0.34 | 0.44 | 99 | Municipal Bonds | CTTLX vs DNYMX |
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