Looking to diversify beyond FMFIX? The mutual funds below have the lowest correlation with FMFIX — 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 FMFIX.
Best Diversifiers for FMFIX
3 mutual funds have low correlation with FMFIX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of -0.01, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | -0.01 | 0.03 | 0.39 | 68 | Short-Term Bond | FMFIX vs DFCFX | |
| Leader Short Term High Yield Bond Fund | 0.05 | 0.09 | 0.18 | 79 | Short-Term Bond | FMFIX vs LCCMX | |
| GuidepathConservative Income Fund | 0.25 | 0.39 | 0.46 | 99 | Short-Term Bond | FMFIX vs GPICX | |
| GuidePath Absolute Return Allocation Fund | 0.30 | 0.66 | 0.71 | 57 | Short-Term Bond | FMFIX vs GPARX | |
| Holbrook Income Fund | 0.31 | 0.34 | 0.38 | 97 | Short-Term Bond | FMFIX vs HOBEX |
See all 18 diversifiers for FMFIX
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Diversification Analysis
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