Looking to diversify beyond FLNCX? The mutual funds below have the lowest correlation with FLNCX — 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 FLNCX.
Best Diversifiers for FLNCX
12 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 0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.01 | 0.19 | 0.21 | 95 | Municipal Bonds | FLNCX vs DMREX | |
| Nuveen Equity Long/Short Fund | 0.13 | 0.09 | 0.06 | 57 | Long-Short | FLNCX vs NELIX | |
| Nuveen Mid Cap Value Fund | 0.15 | 0.12 | 0.07 | 70 | Mid Cap Value Equities | FLNCX vs FASEX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.28 | 0.36 | 99 | Municipal Bonds | FLNCX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.16 | 0.32 | 0.39 | 99 | Municipal Bonds | FLNCX vs USMSX |
See all 24 diversifiers for FLNCX
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