Looking to diversify beyond LTMFX? The mutual funds below have historically moved differently from LTMFX, 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 LTMFX
18 mutual funds have low correlation with LTMFX (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 0.05, down from 0.24 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 | 0.05 | 0.20 | 0.24 | 91 | Municipal Bonds | LTMFX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.05 | 0.22 | 0.26 | 94 | Municipal Bonds | LTMFX vs DMREX | |
| Thornburg Developing World Fund | 0.19 | 0.11 | 0.13 | 58 | Emerging Markets Equities | LTMFX vs THDIX | |
| Thornburg Ultra Short Income Fund | 0.23 | 0.28 | 0.30 | 100 | Ultrashort Bond | LTMFX vs TLDIX | |
| DFA NY Municipal Bond Portfolio | 0.23 | 0.30 | 0.39 | 99 | Municipal Bonds | LTMFX vs DNYMX |
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