Looking to diversify beyond FNTYX? The mutual funds below have historically moved differently from FNTYX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FNTYX
12 mutual funds have low correlation with FNTYX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Mid Cap Value Fund (FASEX) (Mid Cap Value Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Mid Cap Value Fund | 0.16 | 0.13 | 0.09 | 84 | Mid Cap Value Equities | FNTYX vs FASEX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.20 | 0.15 | 0.14 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FNTYX vs QQQX | |
| Nuveen Equity Index Fund Class I | 0.21 | 0.16 | 0.13 | 63 | Large Cap Blend Equities | FNTYX vs TIEIX | |
| DFA Short Term Municipal Bond Portfolio | 0.24 | 0.28 | 0.36 | 100 | Municipal Bonds | FNTYX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 0.25 | 0.26 | 0.25 | 100 | Municipal Bonds | FNTYX vs ATOIX |
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