Looking to diversify beyond FCTTX? The mutual funds below have historically moved differently from FCTTX, 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 FCTTX
11 mutual funds have low correlation with FCTTX (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 0.16, down from 0.39 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 | 0.16 | 0.32 | 0.39 | 98 | Municipal Bonds | FCTTX vs USMSX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.21 | 0.21 | 0.19 | 99 | Municipal Bonds | FCTTX vs TFCYX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.22 | 0.16 | 0.15 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FCTTX vs QQQX | |
| abrdn Ultra Short Municipal Income Fund | 0.23 | 0.25 | 0.26 | 100 | Municipal Bonds | FCTTX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 0.24 | 0.17 | 0.13 | 99 | Municipal Bonds | FCTTX vs FHMIX |
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