Looking to diversify beyond SMTFX? The mutual funds below have the lowest correlation with SMTFX — 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 SMTFX.
Best Diversifiers for SMTFX
13 mutual funds have low correlation with SMTFX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.16, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.16 | 0.28 | 0.34 | 99 | Municipal Bonds | SMTFX vs USMSX | |
| Sit Small Cap Dividend Growth Fund | 0.16 | 0.07 | 0.10 | 76 | Small Cap Blend Equities | SMTFX vs SSCDX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.25 | 0.32 | 99 | Municipal Bonds | SMTFX vs DFSMX | |
| SIT Small Cap Growth Fund | 0.18 | 0.09 | 0.11 | 66 | Mid Cap Growth Equities | SMTFX vs SSMGX | |
| Federated Hermes Conservative Municipal Microshort... | 0.20 | 0.16 | 0.13 | 99 | Municipal Bonds | SMTFX vs FHMIX |
See all 24 diversifiers for SMTFX
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