Looking to diversify beyond DFTIX? The mutual funds below have historically moved differently from DFTIX, 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 DFTIX
19 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.06 | 0.10 | 0.08 | 99 | Municipal Bonds | DFTIX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.08 | 0.11 | 0.08 | 99 | Municipal Bonds | DFTIX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.16 | 0.10 | 0.11 | 100 | Municipal Bonds | DFTIX vs ATOIX | |
| DFA U.S. Large Cap Value Portfolio | 0.18 | 0.13 | 0.07 | 97 | Large Cap Value Equities | DFTIX vs DFLVX | |
| DFA U.S. Large Company Portfolio | 0.18 | 0.15 | 0.12 | 77 | Large Cap Blend Equities | DFTIX vs DFUSX |
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