Looking to diversify beyond SHORX? The mutual funds below have the lowest correlation with SHORX — 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 SHORX.
Best Diversifiers for SHORX
11 mutual funds have low correlation with SHORX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.13, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.13 | 0.24 | 0.34 | 99 | Municipal Bonds | SHORX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.17 | 0.30 | 0.38 | 99 | Municipal Bonds | SHORX vs USMSX | |
| Franklin Income Fund Advisor Class | 0.17 | 0.31 | 0.23 | 91 | Diversified Portfolio | SHORX vs FRIAX | |
| DFA NY Municipal Bond Portfolio | 0.21 | 0.32 | 0.41 | 99 | Municipal Bonds | SHORX vs DNYMX | |
| Franklin Income Fund Class A1 | 0.21 | 0.32 | 0.24 | 86 | Diversified Portfolio | SHORX vs FKINX |
See all 19 diversifiers for SHORX
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