Looking to diversify beyond KNTAX? The mutual funds below have historically moved differently from KNTAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for KNTAX
14 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 0.03, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.03 | 0.14 | 0.15 | 99 | Municipal Bonds | KNTAX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05 | 0.13 | 0.11 | 99 | Municipal Bonds | KNTAX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.14 | 0.23 | 0.24 | 100 | Municipal Bonds | KNTAX vs ATOIX | |
| DWS RREEF Real Assets Fund | 0.14 | 0.25 | 0.22 | 77 | Global Allocation | KNTAX vs AAAZX | |
| DWS RREEF Real Assets Fund - Class A | 0.15 | 0.25 | 0.22 | 77 | Diversified Portfolio | KNTAX vs AAAAX |
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