Looking to diversify beyond UTAHX? The mutual funds below have the lowest correlation with UTAHX — 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 UTAHX.
Best Diversifiers for UTAHX
9 mutual funds have low correlation with UTAHX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.19, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.27 | 0.36 | 100 | Municipal Bonds | UTAHX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.21 | 0.33 | 0.43 | 99 | Municipal Bonds | UTAHX vs DNYMX | |
| abrdn Ultra Short Municipal Income Fund | 0.24 | 0.27 | 0.27 | 99 | Municipal Bonds | UTAHX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 0.24 | 0.22 | 0.17 | 99 | Municipal Bonds | UTAHX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.26 | 0.25 | 0.23 | 99 | Municipal Bonds | UTAHX vs TFCYX |
See all 24 diversifiers for UTAHX
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