Looking to diversify beyond FAZTX? The mutual funds below have the lowest correlation with FAZTX — 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 FAZTX.
Best Diversifiers for FAZTX
12 mutual funds have low correlation with FAZTX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Mid Cap Value Fund (FASEX) (Mid Cap Value Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Mid Cap Value Fund | 0.14 | 0.14 | 0.08 | 81 | Mid Cap Value Equities | FAZTX vs FASEX | |
| Nuveen Equity Long/Short Fund | 0.15 | 0.11 | 0.08 | 58 | Long-Short | FAZTX vs NELIX | |
| Nuveen Equity Index Fund Class I | 0.17 | 0.16 | 0.12 | 64 | Large Cap Blend Equities | FAZTX vs TIEIX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.25 | 0.35 | 99 | Municipal Bonds | FAZTX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.19 | 0.28 | 0.41 | 100 | Municipal Bonds | FAZTX vs DFABX |
See all 25 diversifiers for FAZTX
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