Looking to diversify beyond FLMVX? The mutual funds below have the lowest correlation with FLMVX — 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 FLMVX.
Best Diversifiers for FLMVX
1 mutual funds have low correlation with FLMVX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.25, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.25 | 0.23 | 0.27 | 78 | Multisector Bonds | FLMVX vs JMSIX | |
| Vanguard Institutional Index Fund Institutional Pl... | 0.61 | 0.68 | 0.78 | 73 | S&P 500, Large Cap Blend Equities | FLMVX vs VIIIX | |
| Fidelity Total Market Index Fund | 0.65 | 0.72 | 0.80 | 70 | Large Cap Blend Equities | FLMVX vs FSKAX | |
| Invesco Value Opportunities Fund | 0.74 | 0.80 | 0.85 | 87 | Mid Cap Value Equities | FLMVX vs VVOAX | |
| Invesco Value Opportunities Fund Class Y | 0.74 | 0.80 | 0.85 | 87 | Mid Cap Value Equities | FLMVX vs VVOIX |
See all 29 diversifiers for FLMVX
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