Looking to diversify beyond FASEX? The mutual funds below have the lowest correlation with FASEX — 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 FASEX.
Best Diversifiers for FASEX
33 mutual funds have low correlation with FASEX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Nebraska Municipal Bond Fund (FNTYX) (Municipal Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Nebraska Municipal Bond Fund | 0.13 | 0.13 | 0.08 | 77 | Municipal Bonds | FASEX vs FNTYX | |
| Nuveen Kentucky Municipal Bond Fund | 0.14 | 0.13 | 0.07 | 64 | Municipal Bonds | FASEX vs FKYTX | |
| Nuveen Arizona Municipal Bond Fund | 0.14 | 0.14 | 0.08 | 75 | Municipal Bonds | FASEX vs FAZTX | |
| Nuveen Wisconsin Municipal Bond Fund | 0.14 | 0.10 | 0.06 | 74 | Municipal Bonds | FASEX vs FWIAX | |
| Nuveen New York Municipal Bond Fund | 0.15 | 0.13 | 0.08 | 74 | Municipal Bonds | FASEX vs NTNYX |
See all 77 diversifiers for FASEX
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