Looking to diversify beyond LTCAX? The mutual funds below have the lowest correlation with LTCAX — 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 LTCAX.
Best Diversifiers for LTCAX
14 mutual funds have low correlation with LTCAX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.18, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.32 | 0.38 | 99 | Municipal Bonds | LTCAX vs USMSX | |
| Thornburg Global Opportunities Fund | 0.19 | 0.12 | 0.10 | 91 | Foreign Large Cap Equities | LTCAX vs THOIX | |
| DFA California Short Term Municipal Bond Portfolio | 0.20 | 0.32 | 0.40 | 99 | Municipal Bonds | LTCAX vs DFCMX | |
| Thornburg Investment Income Builder Fund | 0.21 | 0.17 | 0.11 | 98 | Global Allocation | LTCAX vs TIBAX | |
| Thornburg Investment Income Builder Fund Class I | 0.21 | 0.17 | 0.11 | 98 | Diversified Portfolio | LTCAX vs TIBIX |
See all 26 diversifiers for LTCAX
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