Looking to diversify beyond FLAAX? The mutual funds below have historically moved differently from FLAAX, 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 FLAAX
14 mutual funds have low correlation with FLAAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.01 | 0.19 | 0.23 | 94 | Municipal Bonds | FLAAX vs DMREX | |
| DFA California Municipal Real Return Portfolio | 0.02 | 0.17 | 0.22 | 91 | Municipal Bonds | FLAAX vs DCARX | |
| Nuveen Mid Cap Value Fund | 0.24 | 0.14 | 0.09 | 84 | Mid Cap Value Equities | FLAAX vs FASEX | |
| DFA Short Term Municipal Bond Portfolio | 0.24 | 0.25 | 0.35 | 100 | Municipal Bonds | FLAAX vs DFSMX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.24 | 0.15 | 0.14 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FLAAX vs QQQX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLAAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.05, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.05 | 0.07 | 0.02 | 66 | Consumer Defensive |
Build a portfolio that complements FLAAX
Add FLAAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLAAX