Looking to diversify beyond FLTDX? The mutual funds below have historically moved differently from FLTDX, 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 FLTDX
8 mutual funds have low correlation with FLTDX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Mid Cap Value Fund (FASEX) (Mid Cap Value Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Mid Cap Value Fund | 0.18 | 0.13 | 0.08 | 84 | Mid Cap Value Equities | FLTDX vs FASEX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.20 | 0.13 | 0.11 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FLTDX vs QQQX | |
| abrdn Ultra Short Municipal Income Fund | 0.21 | 0.24 | 0.25 | 100 | Municipal Bonds | FLTDX vs ATOIX | |
| Nuveen Equity Index Fund Class I | 0.22 | 0.14 | 0.10 | 63 | Large Cap Blend Equities | FLTDX vs TIEIX | |
| DFA Short Term Municipal Bond Portfolio | 0.24 | 0.29 | 0.39 | 100 | Municipal Bonds | FLTDX vs DFSMX |
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