Looking to diversify beyond FAMTX? The mutual funds below have historically moved differently from FAMTX, 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 FAMTX
11 mutual funds have low correlation with FAMTX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.20, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.33 | 0.39 | 98 | Municipal Bonds | FAMTX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.21 | 0.33 | 0.42 | 99 | Municipal Bonds | FAMTX vs DNYMX | |
| Nuveen Mid Cap Value Fund | 0.23 | 0.11 | 0.08 | 84 | Mid Cap Value Equities | FAMTX vs FASEX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.24 | 0.16 | 0.15 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FAMTX vs QQQX | |
| DFA Short Term Municipal Bond Portfolio | 0.25 | 0.30 | 0.36 | 100 | Municipal Bonds | FAMTX vs DFSMX |
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