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
11 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 0.17, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Mid Cap Value Fund | 0.17 | 0.13 | 0.08 | 82 | Mid Cap Value Equities | FLTDX vs FASEX | |
| Nuveen Equity Long/Short Fund | 0.17 | 0.08 | 0.05 | 60 | Long-Short | FLTDX vs NELIX | |
| Nuveen Equity Index Fund Class I | 0.20 | 0.13 | 0.09 | 63 | Large Cap Blend Equities | FLTDX vs TIEIX | |
| 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 | 0.27 | 0.36 | 0.45 | 99 | Municipal Bonds | FLTDX vs DFCMX |
See all 25 diversifiers for FLTDX
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