Looking to diversify beyond FNTYX? The mutual funds below have the lowest correlation with FNTYX — 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 FNTYX.
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 0.13, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Mid Cap Value Fund | 0.13 | 0.13 | 0.08 | 81 | Mid Cap Value Equities | FNTYX vs FASEX | |
| Nuveen Equity Long/Short Fund | 0.15 | 0.11 | 0.08 | 58 | Long-Short | FNTYX vs NELIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.31 | 0.38 | 99 | Municipal Bonds | FNTYX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.28 | 0.36 | 99 | Municipal Bonds | FNTYX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.29 | — | 100 | Municipal Bonds | FNTYX vs DFABX |
See all 24 diversifiers for FNTYX
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