Looking to diversify beyond FNMAX? The mutual funds below have the lowest correlation with FNMAX — 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 FNMAX.
Best Diversifiers for FNMAX
18 mutual funds have low correlation with FNMAX (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 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.18 | 0.22 | 95 | Municipal Bonds | FNMAX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.20 | 0.23 | 94 | Municipal Bonds | FNMAX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.04 | 0.07 | 96 | Semiconductors, Technology Equities | FNMAX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.14 | 0.10 | 0.10 | 73 | Large Cap Growth Equities | FNMAX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.17 | 0.14 | 0.12 | 63 | Large Cap Blend Equities | FNMAX vs FNILX |
See all 29 diversifiers for FNMAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FNMAX
Add FNMAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FNMAX