Looking to diversify beyond FLTMX? The mutual funds below have the lowest correlation with FLTMX — 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 FLTMX.
Best Diversifiers for FLTMX
22 mutual funds have low correlation with FLTMX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.00, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.00 | 0.22 | 0.24 | 96 | Municipal Bonds | FLTMX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.24 | 0.25 | 95 | Municipal Bonds | FLTMX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.06 | 0.07 | 97 | Semiconductors, Technology Equities | FLTMX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.12 | 0.10 | 0.10 | 75 | Large Cap Growth Equities | FLTMX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.14 | 0.15 | 0.12 | 71 | Large Cap Blend Equities | FLTMX vs FNILX |
See all 41 diversifiers for FLTMX
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