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 AB High Income Municipal Portfolio (ABTYX) (High Yield Muni) with a 1Y correlation of 0.18, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB High Income Municipal Portfolio | 0.18 | 0.13 | 0.14 | 64 | High Yield Muni | FNWFX vs ABTYX | |
| PGIM High Yield Fund Class R6 | 0.46 | 0.44 | 0.49 | 72 | High Yield Bonds | FNWFX vs PHYQX | |
| AB High Income Fund | 0.52 | 0.47 | 0.52 | 71 | High Yield Bonds | FNWFX vs AGDAX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.53 | 0.68 | 0.72 | 87 | Emerging Markets Diversified | FNWFX vs ESCIX | |
| JPMorgan Emerging Markets Debt Fund | 0.55 | 0.40 | 0.43 | 81 | Emerging Markets Bonds | FNWFX vs JEMDX |
See all 41 diversifiers for FNWFX
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