Looking to diversify beyond FLTDX? The mutual funds below have the lowest correlation with FLTDX — 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 FLTDX.
Best Diversifiers for FLTDX
10 mutual funds have low correlation with FLTDX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Equity Long/Short Fund (NELIX) (Long-Short) with a 1Y correlation of 0.13, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Long/Short Fund | 0.13 | 0.08 | 0.04 | 57 | Long-Short | FLTDX vs NELIX | |
| Nuveen Mid Cap Value Fund | 0.13 | 0.12 | 0.07 | 70 | Mid Cap Value Equities | FLTDX vs FASEX | |
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | 0.17 | 0.13 | 0.11 | 71 | Large Cap Growth Equities | FLTDX vs QQQX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.28 | 0.39 | 99 | Municipal Bonds | FLTDX vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.23 | 0.36 | 0.45 | 99 | Municipal Bonds | FLTDX vs DFCMX |
See all 22 diversifiers for FLTDX
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