Looking to diversify beyond FAMTX? The mutual funds below have the lowest correlation with FAMTX — 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 FAMTX.
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 DFA NY Municipal Bond Portfolio (DNYMX) (Municipal Bonds) with a 1Y correlation of 0.19, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA NY Municipal Bond Portfolio | 0.19 | 0.32 | 0.42 | 99 | Municipal Bonds | FAMTX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.33 | 0.39 | 99 | Municipal Bonds | FAMTX vs USMSX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.22 | 0.15 | 0.14 | 68 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FAMTX vs QQQX | |
| DFA Short Term Municipal Bond Portfolio | 0.22 | 0.30 | 0.36 | 100 | Municipal Bonds | FAMTX vs DFSMX | |
| Nuveen Mid Cap Value Fund | 0.22 | 0.12 | 0.08 | 79 | Mid Cap Value Equities | FAMTX vs FASEX |
See all 25 diversifiers for FAMTX
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