Looking to diversify beyond FNWFX? The mutual funds below have the lowest correlation with FNWFX — 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 FNWFX.
Best Diversifiers for FNWFX
1 mutual funds have low correlation with FNWFX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSIX) (Commodities) with a 1Y correlation of 0.09, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | 0.09 | 0.24 | 0.26 | 79 | Commodities | FNWFX vs MCSIX | |
| PGIM High Yield Fund Class R6 | 0.43 | 0.44 | 0.48 | 75 | High Yield Bonds | FNWFX vs PHYQX | |
| AB High Income Fund | 0.50 | 0.46 | 0.52 | 76 | High Yield Bonds | FNWFX vs AGDAX | |
| JPMorgan Emerging Markets Debt Fund | 0.51 | 0.39 | 0.42 | 78 | Emerging Markets Bonds | FNWFX vs JEMDX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.57 | 0.69 | 0.72 | 87 | Emerging Markets Diversified | FNWFX vs ESCIX |
See all 44 diversifiers for FNWFX
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