Looking to diversify beyond FCTTX? The mutual funds below have the lowest correlation with FCTTX — 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 FCTTX.
Best Diversifiers for FCTTX
10 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.16 | 0.32 | 0.39 | 99 | Municipal Bonds | FCTTX vs USMSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.19 | 0.17 | 0.13 | 99 | Municipal Bonds | FCTTX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.21 | 0.20 | 0.19 | 99 | Municipal Bonds | FCTTX vs TFCYX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.21 | 0.16 | 0.15 | 68 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FCTTX vs QQQX | |
| Nuveen Equity Index Fund Class I | 0.22 | 0.16 | 0.13 | 64 | Large Cap Blend Equities | FCTTX vs TIEIX |
See all 25 diversifiers for FCTTX
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