Looking to diversify beyond DFABX? The mutual funds below have the lowest correlation with DFABX — 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 DFABX.
Best Diversifiers for DFABX
423 mutual funds have low correlation with DFABX (below 0.3), 3 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of -0.08, roughly unchanged from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | -0.08 | -0.05 | — | 99 | Municipal Bonds | DFABX vs ATOIX | |
| DFA California Municipal Real Return Portfolio | -0.03 | 0.12 | — | 96 | Municipal Bonds | DFABX vs DCARX | |
| Federated Hermes Conservative Municipal Microshort... | -0.01 | 0.06 | — | 98 | Municipal Bonds | DFABX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.01 | 0.07 | — | 99 | Municipal Bonds | DFABX vs TFCYX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | 0.04 | 0.19 | — | 62 | Municipal Bonds | DFABX vs FGNSX |
See all 430 diversifiers for DFABX
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