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
13 mutual funds have low correlation with LTCAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Short Term Municipal Bond Portfolio (DFCMX) (Municipal Bonds) with a 1Y correlation of 0.19, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Short Term Municipal Bond Portfolio | 0.19 | 0.32 | 0.40 | 99 | Municipal Bonds | LTCAX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.32 | 0.37 | 99 | Municipal Bonds | LTCAX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.29 | 0.35 | 100 | Municipal Bonds | LTCAX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 0.22 | 0.29 | 0.29 | 99 | Municipal Bonds | LTCAX vs ATOIX | |
| Thornburg Global Opportunities Fund | 0.23 | 0.13 | 0.10 | 86 | Foreign Large Cap Equities | LTCAX vs THOIX |
See all 27 diversifiers for LTCAX
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