Looking to diversify beyond FIMTX? The mutual funds below have the lowest correlation with FIMTX — 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 FIMTX.
Best Diversifiers for FIMTX
12 mutual funds have low correlation with FIMTX (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 0.14, 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 | 0.14 | 0.23 | 0.34 | 99 | Municipal Bonds | FIMTX vs DFSMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.16 | 0.20 | — | 98 | Municipal Bonds | FIMTX vs FHMIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.16 | 0.21 | 0.11 | 70 | Large Cap Value Equities | FIMTX vs SVAIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.17 | 0.22 | 0.20 | 98 | Municipal Bonds | FIMTX vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.18 | 0.29 | — | 100 | Municipal Bonds | FIMTX vs DFABX |
See all 20 diversifiers for FIMTX
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