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 | 99 | Municipal Bonds | UTAHX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.20 | 0.33 | 0.43 | 99 | Municipal Bonds | UTAHX vs DNYMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.24 | 0.21 | 0.16 | 99 | Municipal Bonds | UTAHX vs FHMIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.25 | 0.27 | 0.23 | 76 | Diversified Portfolio, Municipal Bonds | UTAHX vs VTMFX | |
| JPMorgan Ultra-Short Municipal Fund | 0.25 | 0.33 | 0.39 | 99 | Municipal Bonds | UTAHX vs USMSX |
See all 23 diversifiers for UTAHX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements UTAHX
Add UTAHX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UTAHX