Looking to diversify beyond KCTAX? The mutual funds below have the lowest correlation with KCTAX — 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 KCTAX.
Best Diversifiers for KCTAX
17 mutual funds have low correlation with KCTAX (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 0.03, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Conservative Municipal Microshort... | 0.03 | 0.14 | 0.11 | 99 | Municipal Bonds | KCTAX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.07 | 0.17 | 0.17 | 99 | Municipal Bonds | KCTAX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | 0.11 | 0.23 | 0.24 | 99 | Municipal Bonds | KCTAX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.25 | 0.34 | 99 | Municipal Bonds | KCTAX vs DFSMX | |
| DWS Science and Technology Fund | 0.17 | 0.11 | 0.11 | 58 | Technology Equities | KCTAX vs KTCAX |
See all 26 diversifiers for KCTAX
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