Looking to diversify beyond USMTX? The mutual funds below have the lowest correlation with USMTX — 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 USMTX.
Best Diversifiers for USMTX
402 mutual funds have low correlation with USMTX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Equity Income Fund R6 (OIEJX) (Large Cap Value Equities) with a 1Y correlation of 0.00, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Equity Income Fund R6 | 0.00 | 0.01 | -0.03 | 65 | Large Cap Value Equities, Dividend | USMTX vs OIEJX | |
| abrdn Ultra Short Municipal Income Fund | 0.02 | 0.07 | 0.10 | 99 | Municipal Bonds | USMTX vs ATOIX | |
| DFA California Municipal Real Return Portfolio | 0.02 | 0.18 | 0.20 | 96 | Municipal Bonds | USMTX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.04 | 0.19 | 0.20 | 95 | Municipal Bonds | USMTX vs DMREX | |
| Federated Hermes Conservative Municipal Microshort... | 0.06 | 0.09 | 0.08 | 98 | Municipal Bonds | USMTX vs FHMIX |
See all 444 diversifiers for USMTX
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