Looking to diversify beyond KTXIX? The mutual funds below have historically moved differently from KTXIX, 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 KTXIX
11 mutual funds have low correlation with KTXIX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.00, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.00 | 0.16 | 0.22 | 91 | Municipal Bonds | KTXIX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.20 | 0.24 | 94 | Municipal Bonds | KTXIX vs DMREX | |
| JPMorgan Ultra-Short Municipal Fund | 0.22 | 0.34 | 0.39 | 98 | Municipal Bonds | KTXIX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.23 | 0.33 | 0.43 | 99 | Municipal Bonds | KTXIX vs DNYMX | |
| Commerce Value Fund | 0.25 | 0.17 | 0.10 | 83 | Large Cap Value Equities | KTXIX vs CFVLX |
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