Looking to diversify beyond ITAAX? The mutual funds below have the lowest correlation with ITAAX — 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 ITAAX.
Best Diversifiers for ITAAX
7 mutual funds have low correlation with ITAAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.03, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.03 | 0.03 | 0.34 | 66 | Short-Term Bond | ITAAX vs DFCFX | |
| Leader Short Term High Yield Bond Fund | 0.15 | 0.18 | 0.21 | 75 | Short-Term Bond | ITAAX vs LCCMX | |
| DFA Short-Duration Real Return Portfolio | 0.21 | 0.23 | 0.35 | 99 | Short-Term Bond | ITAAX vs DFAIX | |
| Transamerica Small Cap Value | 0.21 | 0.15 | 0.11 | 86 | Small Cap Value Equities | ITAAX vs TSLTX | |
| GuidePath Absolute Return Allocation Fund | 0.29 | 0.56 | 0.60 | 74 | Short-Term Bond | ITAAX vs GPARX |
See all 22 diversifiers for ITAAX
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