Looking to diversify beyond DFTIX? The mutual funds below have the lowest correlation with DFTIX — 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 DFTIX.
Best Diversifiers for DFTIX
20 mutual funds have low correlation with DFTIX (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 0.06, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.06 | 0.08 | 0.08 | 99 | Municipal Bonds | DFTIX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.06 | 0.10 | 0.08 | 98 | Municipal Bonds | DFTIX vs FHMIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 0.14 | 0.08 | 0.20 | 98 | Municipal Bonds | DFTIX vs APUSX | |
| DFA U.S. Large Company Portfolio | 0.16 | 0.15 | 0.11 | 69 | Large Cap Blend Equities | DFTIX vs DFUSX | |
| DFA US Core Equity 1 Portfolio I | 0.17 | 0.15 | 0.10 | 73 | Large Cap Blend Equities | DFTIX vs DFEOX |
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