Looking to diversify beyond KYTFX? The mutual funds below have the lowest correlation with KYTFX — 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 KYTFX.
Best Diversifiers for KYTFX
12 mutual funds have low correlation with KYTFX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.02, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.02 | 0.18 | 0.19 | 96 | Municipal Bonds | KYTFX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.05 | 0.18 | 0.19 | 95 | Municipal Bonds | KYTFX vs DMREX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.15 | 0.19 | 0.18 | 98 | Municipal Bonds | KYTFX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.25 | 0.33 | 99 | Municipal Bonds | KYTFX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.18 | 0.26 | — | 100 | Municipal Bonds | KYTFX vs DFABX |
See all 23 diversifiers for KYTFX
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