Looking to diversify beyond LTNYX? The mutual funds below have the lowest correlation with LTNYX — 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 LTNYX.
Best Diversifiers for LTNYX
17 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 0.08, down from 0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.08 | 0.21 | — | 100 | Municipal Bonds | LTNYX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.12 | 0.22 | 0.28 | 100 | Municipal Bonds | LTNYX vs DFSMX | |
| Invesco Value Opportunities Fund | 0.15 | 0.10 | 0.05 | 84 | Mid Cap Value Equities | LTNYX vs VVOAX | |
| Invesco Nasdaq 100 Index Fund | 0.16 | 0.10 | 0.09 | 64 | Large Cap Growth Equities | LTNYX vs IVNQX | |
| DFA NY Municipal Bond Portfolio | 0.16 | 0.33 | 0.38 | 99 | Municipal Bonds | LTNYX vs DNYMX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LTNYX
Add LTNYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LTNYX