Looking to diversify beyond FNYTX? The mutual funds below have the lowest correlation with FNYTX — 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 FNYTX.
Best Diversifiers for FNYTX
18 mutual funds have low correlation with FNYTX (below 0.3), 0 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 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.01 | 0.16 | 0.21 | 95 | Municipal Bonds | FNYTX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.19 | 0.22 | 95 | Municipal Bonds | FNYTX vs DMREX | |
| Vanguard Equity Income Fund Investor Shares | 0.17 | 0.14 | 0.08 | 71 | Large Cap Value Equities | FNYTX vs VEIPX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.17 | 0.21 | 0.24 | 90 | High Yield Bonds | FNYTX vs FFRAX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.18 | 0.28 | 0.40 | 100 | Municipal Bonds | FNYTX vs DFABX |
See all 33 diversifiers for FNYTX
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