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
10 mutual funds have low correlation with FMINX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.20, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.20 | 0.30 | 0.23 | 87 | Diversified Portfolio | FMINX vs FRIAX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.27 | 0.36 | 99 | Municipal Bonds | FMINX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.21 | 0.31 | 0.41 | 99 | Municipal Bonds | FMINX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.22 | 0.31 | 0.38 | 99 | Municipal Bonds | FMINX vs USMSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.22 | 0.18 | 0.14 | 99 | Municipal Bonds | FMINX vs FHMIX |
See all 21 diversifiers for FMINX
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