Looking to diversify beyond FMTIX? The mutual funds below have the lowest correlation with FMTIX — 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 FMTIX.
Best Diversifiers for FMTIX
2 mutual funds have low correlation with FMTIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.23, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.23 | -0.01 | 0.12 | 73 | Diversified Portfolio | FMTIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.18 | 0.50 | 64 | Diversified Portfolio | FMTIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.54 | 0.60 | 96 | Diversified Portfolio | FMTIX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.55 | 0.61 | 96 | Diversified Portfolio | FMTIX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.55 | 0.60 | 95 | Diversified Portfolio | FMTIX vs FCSRX |
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