Looking to diversify beyond KTXIX? The mutual funds below have the lowest correlation with KTXIX — 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 KTXIX.
Best Diversifiers for KTXIX
12 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 -0.03, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.16 | 0.21 | 95 | Municipal Bonds | KTXIX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.21 | 0.23 | 94 | Municipal Bonds | KTXIX vs DMREX | |
| DFA NY Municipal Bond Portfolio | 0.19 | 0.32 | 0.42 | 99 | Municipal Bonds | KTXIX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.33 | 0.39 | 99 | Municipal Bonds | KTXIX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.29 | 0.38 | 99 | Municipal Bonds | KTXIX vs DFSMX |
See all 25 diversifiers for KTXIX
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