Looking to diversify beyond MCFTX? The mutual funds below have the lowest correlation with MCFTX — 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 MCFTX.
Best Diversifiers for MCFTX
13 mutual funds have low correlation with MCFTX (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 0.15, down from 0.28 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.15 | 0.28 | — | 100 | Municipal Bonds | MCFTX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 0.17 | 0.30 | 0.38 | 99 | Municipal Bonds | MCFTX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.18 | 0.29 | 0.39 | 99 | Municipal Bonds | MCFTX vs DFCMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.19 | 0.18 | — | 98 | Municipal Bonds | MCFTX vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.33 | 0.38 | 99 | Municipal Bonds | MCFTX vs USMSX |
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