Looking to diversify beyond FAFTX? The mutual funds below have the lowest correlation with FAFTX — 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 FAFTX.
Best Diversifiers for FAFTX
14 mutual funds have low correlation with FAFTX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.16 | 0.20 | 95 | Municipal Bonds | FAFTX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.19 | 0.21 | 94 | Municipal Bonds | FAFTX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.26 | 0.35 | 99 | Municipal Bonds | FAFTX vs DFSMX | |
| Leader Short Term High Yield Bond Fund | 0.16 | 0.17 | 0.20 | 79 | Short-Term Bond | FAFTX vs LCCMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.18 | 0.28 | — | 100 | Municipal Bonds | FAFTX vs DFABX |
See all 24 diversifiers for FAFTX
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