Looking to diversify beyond FMNDX? The mutual funds below have the lowest correlation with FMNDX — 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 FMNDX.
Best Diversifiers for FMNDX
30 mutual funds have low correlation with FMNDX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) (Ultrashort Bond) with a 1Y correlation of 0.04, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Ultra Short-Term Bond Fund | 0.04 | 0.27 | 0.29 | 99 | Ultrashort Bond | FMNDX vs TRBUX | |
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.06 | 0.04 | 89 | Semiconductors, Technology Equities | FMNDX vs FSELX | |
| DFA California Municipal Real Return Portfolio | 0.08 | 0.13 | 0.17 | 95 | Municipal Bonds | FMNDX vs DCARX | |
| DFA California Short Term Municipal Bond Portfolio | 0.08 | 0.20 | 0.26 | 99 | Municipal Bonds | FMNDX vs DFCMX | |
| Fidelity Small Cap Index Fund | 0.08 | 0.10 | 0.07 | 67 | Small Cap Blend Equities | FMNDX vs FSSNX |
See all 136 diversifiers for FMNDX
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