Looking to diversify beyond TAFTX? The mutual funds below have the lowest correlation with TAFTX — 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 TAFTX.
Best Diversifiers for TAFTX
15 mutual funds have low correlation with TAFTX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.04, 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 | -0.04 | 0.17 | 0.21 | 96 | Municipal Bonds | TAFTX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.02 | 0.19 | 0.22 | 95 | Municipal Bonds | TAFTX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.27 | 0.36 | 99 | Municipal Bonds | TAFTX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.17 | 0.32 | 0.41 | 99 | Municipal Bonds | TAFTX vs DNYMX | |
| American Funds Investment Company of America Class... | 0.18 | 0.14 | 0.11 | 55 | Large Cap Blend Equities | TAFTX vs AIVSX |
See all 28 diversifiers for TAFTX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements TAFTX
Add TAFTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TAFTX