Looking to diversify beyond FCAMX? The mutual funds below have historically moved differently from FCAMX, 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 FCAMX
11 mutual funds have low correlation with FCAMX (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 0.21, down from 0.38 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 | 0.21 | 0.33 | 0.38 | 98 | Municipal Bonds | FCAMX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.22 | 0.32 | 0.40 | 99 | Municipal Bonds | FCAMX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 0.23 | 0.27 | 0.35 | 100 | Municipal Bonds | FCAMX vs DFSMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.25 | 0.24 | 0.22 | 99 | Municipal Bonds | FCAMX vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.26 | 0.30 | — | 100 | Municipal Bonds | FCAMX vs DFABX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FCAMX
Add FCAMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FCAMX