Looking to diversify beyond FCAVX? The mutual funds below have the lowest correlation with FCAVX — 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 FCAVX.
Best Diversifiers for FCAVX
10 mutual funds have low correlation with FCAVX (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 0.19, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.31 | 0.37 | 99 | Municipal Bonds | FCAVX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.27 | 0.35 | 100 | Municipal Bonds | FCAVX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.29 | 0.40 | 100 | Municipal Bonds | FCAVX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 0.22 | 0.30 | 0.40 | 99 | Municipal Bonds | FCAVX vs DNYMX | |
| Franklin Income Fund Advisor Class | 0.22 | 0.31 | 0.23 | 88 | Diversified Portfolio | FCAVX vs FRIAX |
See all 21 diversifiers for FCAVX
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