Looking to diversify beyond DUTMX? The mutual funds below have historically moved differently from DUTMX, 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 DUTMX
0 mutual funds have low correlation with DUTMX (below 0.3), 0 of which are negatively correlated. The least correlated is Dupree Alabama Tax Free Income Series Fund (DUALX) (Municipal Bonds) with a 1Y correlation of 0.46, roughly unchanged from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dupree Alabama Tax Free Income Series Fund | 0.46 | 0.49 | 0.44 | 82 | Municipal Bonds | DUTMX vs DUALX | |
| Dupree Kentucky Tax Free Income Series Fund | 0.47 | 0.47 | 0.43 | 81 | Municipal Bonds | DUTMX vs KYTFX | |
| Dupree Mississippi Tax-Free Income Series | 0.48 | 0.49 | 0.44 | 95 | Municipal Bonds | DUTMX vs DUMSX | |
| Dupree North Carolina Tax-Free Income Series | 0.48 | 0.50 | 0.45 | 85 | Municipal Bonds | DUTMX vs NTFIX | |
| Dupree Tennessee Tax Free Income Series Fund | 0.54 | 0.52 | 0.45 | 91 | Municipal Bonds | DUTMX vs TNTIX |
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