Looking to diversify beyond FMINX? The mutual funds below have the lowest correlation with FMINX — 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 FMINX.
Best Diversifiers for FMINX
11 mutual funds have low correlation with FMINX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA NY Municipal Bond Portfolio (DNYMX) (Municipal Bonds) with a 1Y correlation of 0.17, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA NY Municipal Bond Portfolio | 0.17 | 0.30 | 0.41 | 99 | Municipal Bonds | FMINX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.31 | 0.38 | 99 | Municipal Bonds | FMINX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.27 | 0.35 | 99 | Municipal Bonds | FMINX vs DFSMX | |
| Franklin Income Fund Advisor Class | 0.19 | 0.30 | 0.23 | 92 | Diversified Portfolio | FMINX vs FRIAX | |
| Federated Hermes Conservative Municipal Microshort... | 0.22 | 0.17 | — | 98 | Municipal Bonds | FMINX vs FHMIX |
See all 18 diversifiers for FMINX
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