Looking to diversify beyond FLNCX? The mutual funds below have historically moved differently from FLNCX, 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 FLNCX
14 mutual funds have low correlation with FLNCX (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 0.02, 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 | 0.02 | 0.18 | 0.23 | 94 | Municipal Bonds | FLNCX vs DMREX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.20 | 0.14 | 0.14 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FLNCX vs QQQX | |
| Nuveen Mid Cap Value Fund | 0.21 | 0.13 | 0.08 | 84 | Mid Cap Value Equities | FLNCX vs FASEX | |
| Nuveen Equity Index Fund Class I | 0.22 | 0.13 | 0.12 | 63 | Large Cap Blend Equities | FLNCX vs TIEIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.22 | 0.20 | 0.18 | 99 | Municipal Bonds | FLNCX vs TFCYX |
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