Looking to diversify beyond GTFHX? The mutual funds below have the lowest correlation with GTFHX — 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 GTFHX.
Best Diversifiers for GTFHX
10 mutual funds have low correlation with GTFHX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Conservative Municipal Microshort Fund (FHMIX) (Municipal Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Conservative Municipal Microshort... | 0.14 | 0.10 | 0.09 | 99 | Municipal Bonds | GTFHX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.15 | 0.11 | 0.10 | 99 | Municipal Bonds | GTFHX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.28 | 0.39 | 99 | Municipal Bonds | GTFHX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 0.20 | 0.10 | 0.15 | 99 | Municipal Bonds | GTFHX vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.22 | 0.30 | — | 100 | Municipal Bonds | GTFHX vs DFABX |
See all 21 diversifiers for GTFHX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GTFHX
Add GTFHX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GTFHX