Looking to diversify beyond FMAMX? The mutual funds below have the lowest correlation with FMAMX — 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 FMAMX.
Best Diversifiers for FMAMX
0 mutual funds have low correlation with FMAMX (below 0.3), 0 of which are negatively correlated. The least correlated is Emerald Insights Fund (EFCNX) (Large Cap Growth Equities) with a 1Y correlation of 0.34, down from 0.86 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Emerald Insights Fund | 0.34 | 0.78 | 0.86 | 99 | Large Cap Growth Equities | FMAMX vs EFCNX | |
| ICON Equity Fund | 0.74 | 0.75 | 0.83 | 76 | Large Cap Growth Equities | FMAMX vs IOLZX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.75 | 0.74 | 0.79 | 52 | Large Cap Growth Equities, Foreign Large Cap Equities | FMAMX vs VTMGX | |
| Adams Diversified Equity Fund, Inc. | 0.75 | 0.83 | 0.89 | 73 | Large Cap Growth Equities | FMAMX vs ADX | |
| One Rock Fund | 0.77 | 0.81 | 0.83 | 88 | Large Cap Growth Equities | FMAMX vs ONERX |
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