Looking to diversify beyond MTLFX? The mutual funds below have the lowest correlation with MTLFX — 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 MTLFX.
Best Diversifiers for MTLFX
9 mutual funds have low correlation with MTLFX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.18 | 0.21 | 96 | Municipal Bonds | MTLFX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.01 | 0.21 | 0.23 | 95 | Municipal Bonds | MTLFX vs DMREX | |
| DFA NY Municipal Bond Portfolio | 0.15 | 0.28 | 0.40 | 99 | Municipal Bonds | MTLFX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.27 | 0.37 | 99 | Municipal Bonds | MTLFX vs DFSMX | |
| Invesco EQV Emerging Markets All Cap Fd | 0.19 | 0.12 | 0.11 | 95 | Emerging Markets Diversified | MTLFX vs GTDDX |
See all 21 diversifiers for MTLFX
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