Looking to diversify beyond FIUSX? The mutual funds below have the lowest correlation with FIUSX — 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 FIUSX.
Best Diversifiers for FIUSX
5 mutual funds have low correlation with FIUSX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Tax-Free Pennsylvania Fund (DELIX) (Municipal Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Tax-Free Pennsylvania Fund | 0.15 | 0.16 | 0.11 | 72 | Municipal Bonds | FIUSX vs DELIX | |
| Delaware Tax-Free New York Fund | 0.17 | 0.14 | 0.09 | 64 | Municipal Bonds | FIUSX vs FTNYX | |
| Delaware Tax-Free Colorado Fund | 0.17 | 0.15 | 0.10 | 78 | Municipal Bonds | FIUSX vs VCTFX | |
| Delaware Tax-Free Idaho Fund | 0.17 | 0.15 | 0.10 | 78 | Municipal Bonds | FIUSX vs VIDAX | |
| Delaware Tax-Free California Fund | 0.18 | 0.16 | 0.10 | 57 | Municipal Bonds | FIUSX vs DVTAX |
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