Looking to diversify beyond FMISX? The mutual funds below have the lowest correlation with FMISX — 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 FMISX.
Best Diversifiers for FMISX
10 mutual funds have low correlation with FMISX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.17, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.27 | 0.37 | 99 | Municipal Bonds | FMISX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.31 | 0.38 | 99 | Municipal Bonds | FMISX vs USMSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.19 | 0.27 | 0.40 | 100 | Municipal Bonds | FMISX vs DFABX | |
| Franklin Income Fund Advisor Class | 0.19 | 0.30 | 0.23 | 89 | Diversified Portfolio | FMISX vs FRIAX | |
| DFA NY Municipal Bond Portfolio | 0.21 | 0.31 | 0.41 | 99 | Municipal Bonds | FMISX vs DNYMX |
See all 19 diversifiers for FMISX
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