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 Nuveen Equity Long/Short Fund (NELIX) (Long-Short) with a 1Y correlation of 0.17, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Long/Short Fund | 0.17 | 0.10 | 0.06 | 58 | Long-Short | FAMTX vs NELIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.33 | 0.39 | 99 | Municipal Bonds | FAMTX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.20 | 0.32 | 0.42 | 99 | Municipal Bonds | FAMTX vs DNYMX | |
| Nuveen Mid Cap Value Fund | 0.21 | 0.11 | 0.08 | 81 | Mid Cap Value Equities | FAMTX vs FASEX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.28 | 0.36 | 99 | Municipal Bonds | FAMTX vs DFSMX |
See all 23 diversifiers for FAMTX
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