Looking to diversify beyond LTNYX? The mutual funds below have historically moved differently from LTNYX, 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 LTNYX
18 mutual funds have low correlation with LTNYX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short-Term Selective State Municipal Bond Portfolio (DFABX) (Municipal Bonds) with a 1Y correlation of 0.09, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.09 | 0.20 | 0.30 | 100 | Municipal Bonds | LTNYX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.13 | 0.22 | 0.28 | 100 | Municipal Bonds | LTNYX vs DFSMX | |
| Invesco Value Opportunities Fund | 0.16 | 0.10 | 0.05 | 74 | Mid Cap Value Equities | LTNYX vs VVOAX | |
| JPMorgan Ultra-Short Municipal Fund | 0.16 | 0.32 | 0.37 | 98 | Municipal Bonds | LTNYX vs USMTX | |
| abrdn Ultra Short Municipal Income Fund | 0.17 | 0.23 | 0.25 | 100 | Municipal Bonds | LTNYX vs ATOIX |
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