Looking to diversify beyond USMTX? The mutual funds below have historically moved differently from USMTX, 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 USMTX
345 mutual funds have low correlation with USMTX (below 0.3), 4 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 0.20 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 | 0.20 | 89 | Municipal Bonds | USMTX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.01 | 0.19 | 0.21 | 91 | Municipal Bonds | USMTX vs DMREX | |
| abrdn Ultra Short Municipal Income Fund | -0.01 | 0.07 | 0.10 | 100 | Municipal Bonds | USMTX vs ATOIX | |
| JPMorgan Equity Income Fund R6 | -0.00 | 0.01 | -0.03 | 94 | Large Cap Value Equities, Dividend | USMTX vs OIEJX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.07 | 0.11 | 0.07 | 99 | Municipal Bonds | USMTX vs TFCYX |
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