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
14 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 0.01, 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 | 0.01 | 0.17 | 0.19 | 95 | Municipal Bonds | KYTFX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.06 | 0.17 | 0.20 | 95 | Municipal Bonds | KYTFX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.27 | 0.33 | 100 | Municipal Bonds | KYTFX vs DFSMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.20 | 0.16 | 0.11 | 99 | Municipal Bonds | KYTFX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.20 | 0.22 | 0.25 | 99 | Municipal Bonds | KYTFX vs ATOIX |
See all 28 diversifiers for KYTFX
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