Looking to diversify beyond USATX? The mutual funds below have historically moved differently from USATX, 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 USATX
14 mutual funds have low correlation with USATX (below 0.3), 0 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.
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 | 0.17 | 0.21 | 89 | Municipal Bonds | USATX vs DCARX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.02 | — | — | 100 | Nontraditional Bonds | USATX vs CBYYX | |
| DFA Municipal Real Return Portfolio | 0.06 | 0.19 | 0.22 | 92 | Municipal Bonds | USATX vs DMREX | |
| Victory Global Energy Transition Fund | 0.10 | 0.05 | 0.04 | 96 | Energy Equities | USATX vs RSNRX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.27 | 0.35 | 100 | Municipal Bonds | USATX vs DFSMX |
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