Looking to diversify beyond LTCAX? The mutual funds below have historically moved differently from LTCAX, 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 LTCAX
12 mutual funds have low correlation with LTCAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.21, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.29 | 0.35 | 100 | Municipal Bonds | LTCAX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.33 | 0.38 | 98 | Municipal Bonds | LTCAX vs USMSX | |
| Thornburg Investment Income Builder Fund Class I | 0.22 | 0.17 | 0.12 | 98 | Diversified Portfolio | LTCAX vs TIBIX | |
| abrdn Ultra Short Municipal Income Fund | 0.22 | 0.29 | 0.29 | 100 | Municipal Bonds | LTCAX vs ATOIX | |
| Thornburg Investment Income Builder Fund | 0.22 | 0.17 | 0.12 | 98 | Global Allocation | LTCAX vs TIBAX |
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