Looking to diversify beyond FNYPX? The mutual funds below have the lowest correlation with FNYPX — 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 FNYPX.
Best Diversifiers for FNYPX
17 mutual funds have low correlation with FNYPX (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 | FNYPX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.20 | 0.23 | 94 | Municipal Bonds | FNYPX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.05 | 0.07 | 96 | Semiconductors, Technology Equities | FNYPX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.17 | 0.11 | 0.11 | 73 | Large Cap Growth Equities | FNYPX vs FBGRX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.25 | 0.36 | 99 | Municipal Bonds | FNYPX vs DFSMX |
See all 28 diversifiers for FNYPX
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