Looking to diversify beyond FMOTX? The mutual funds below have the lowest correlation with FMOTX — 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 FMOTX.
Best Diversifiers for FMOTX
13 mutual funds have low correlation with FMOTX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.16 | 0.21 | 95 | Municipal Bonds | FMOTX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.05 | 0.20 | 0.23 | 94 | Municipal Bonds | FMOTX vs DMREX | |
| Nuveen Equity Long/Short Fund | 0.16 | 0.10 | 0.07 | 58 | Long-Short | FMOTX vs NELIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.32 | 0.38 | 99 | Municipal Bonds | FMOTX vs USMSX | |
| Nuveen Mid Cap Value Fund | 0.20 | 0.14 | 0.08 | 81 | Mid Cap Value Equities | FMOTX vs FASEX |
See all 28 diversifiers for FMOTX
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