Looking to diversify beyond KYTFX? The mutual funds below have historically moved differently from KYTFX, 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 KYTFX
13 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 0.03, down from 0.20 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 | 0.03 | 0.17 | 0.20 | 91 | Municipal Bonds | KYTFX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.04 | 0.17 | 0.21 | 94 | Municipal Bonds | KYTFX vs DMREX | |
| abrdn Ultra Short Municipal Income Fund | 0.17 | 0.20 | 0.24 | 100 | Municipal Bonds | KYTFX vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.25 | — | 100 | Municipal Bonds | KYTFX vs DFABX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.20 | 0.19 | 0.19 | 99 | Municipal Bonds | KYTFX vs TFCYX |
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