Looking to diversify beyond FCAMX? The mutual funds below have the lowest correlation with FCAMX — 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 FCAMX.
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 DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.16, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.26 | 0.34 | 99 | Municipal Bonds | FCAMX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.33 | 0.38 | 99 | Municipal Bonds | FCAMX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.20 | 0.31 | 0.39 | 99 | Municipal Bonds | FCAMX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.22 | 0.31 | 0.40 | 99 | Municipal Bonds | FCAMX vs DFCMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.23 | 0.30 | — | 100 | Municipal Bonds | FCAMX vs DFABX |
See all 20 diversifiers for FCAMX
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