Looking to diversify beyond KNTAX? The mutual funds below have the lowest correlation with KNTAX — 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 KNTAX.
Best Diversifiers for KNTAX
15 mutual funds have low correlation with KNTAX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of 0.05, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.05 | 0.14 | 0.15 | 99 | Municipal Bonds | KNTAX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.07 | 0.13 | 0.11 | 99 | Municipal Bonds | KNTAX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.15 | 0.23 | 0.25 | 99 | Municipal Bonds | KNTAX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.26 | 0.36 | 99 | Municipal Bonds | KNTAX vs DFSMX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 0.18 | 0.16 | 0.24 | 99 | Municipal Bonds | KNTAX vs APUSX |
See all 25 diversifiers for KNTAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements KNTAX
Add KNTAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with KNTAX