Looking to diversify beyond DFABX? The mutual funds below have historically moved differently from DFABX, 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 DFABX
335 mutual funds have low correlation with DFABX (below 0.3), 3 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.04, down from 0.11 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.11 | — | 88 | Municipal Bonds | DFABX vs DCARX | |
| abrdn Ultra Short Municipal Income Fund | -0.01 | -0.01 | — | 100 | Municipal Bonds | DFABX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.00 | 0.07 | — | 99 | Municipal Bonds | DFABX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.02 | 0.09 | — | 99 | Municipal Bonds | DFABX vs TFCYX | |
| DFA Municipal Real Return Portfolio | 0.06 | 0.16 | — | 91 | Municipal Bonds | DFABX vs DMREX |
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