Looking to diversify beyond ITCAX? The mutual funds below have the lowest correlation with ITCAX — 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 ITCAX.
Best Diversifiers for ITCAX
9 mutual funds have low correlation with ITCAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA NY Municipal Bond Portfolio (DNYMX) (Municipal Bonds) with a 1Y correlation of 0.17, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA NY Municipal Bond Portfolio | 0.17 | 0.28 | 0.39 | 99 | Municipal Bonds | ITCAX vs DNYMX | |
| Franklin Income Fund Advisor Class | 0.18 | 0.34 | 0.23 | 89 | Diversified Portfolio | ITCAX vs FRIAX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.28 | 0.36 | 99 | Municipal Bonds | ITCAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.30 | 0.41 | 100 | Municipal Bonds | ITCAX vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 0.20 | 0.20 | 0.15 | 99 | Municipal Bonds | ITCAX vs FHMIX |
See all 20 diversifiers for ITCAX
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