Looking to diversify beyond SFLTX? The mutual funds below have historically moved differently from SFLTX, 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 SFLTX
16 mutual funds have low correlation with SFLTX (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 0.22 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 | -0.02 | 0.16 | 0.22 | 91 | Municipal Bonds | SFLTX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.05 | 0.19 | 0.24 | 94 | Municipal Bonds | SFLTX vs DMREX | |
| The Merger Fund | 0.12 | -0.02 | 0.04 | 96 | Event Driven | SFLTX vs MERFX | |
| JPMorgan Ultra-Short Municipal Fund | 0.16 | 0.30 | 0.38 | 98 | Municipal Bonds | SFLTX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.20 | 0.31 | 0.41 | 99 | Municipal Bonds | SFLTX vs DNYMX |
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