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
11 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 0.13, 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... | 0.13 | 0.10 | 0.09 | 98 | Municipal Bonds | GTFHX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.29 | 0.39 | 99 | Municipal Bonds | GTFHX vs DFSMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.15 | 0.11 | 0.10 | 99 | Municipal Bonds | GTFHX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | 0.20 | 0.11 | 0.15 | 99 | Municipal Bonds | GTFHX vs ATOIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.33 | 0.40 | 99 | Municipal Bonds | GTFHX vs USMSX |
See all 15 diversifiers for GTFHX
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