Looking to diversify beyond FOBAX? The mutual funds below have the lowest correlation with FOBAX — 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 FOBAX.
Best Diversifiers for FOBAX
4 mutual funds have low correlation with FOBAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.17 | 0.49 | 70 | Diversified Portfolio | FOBAX vs MHELX | |
| Tributary Nebraska Tax-Free Fund | 0.25 | 0.22 | 0.18 | 67 | Municipal Bonds | FOBAX vs FONPX | |
| Tributary Short-Intermediate Bond Fund | 0.26 | 0.24 | 0.22 | 51 | Short-Term Bond | FOBAX vs FOSIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.50 | 0.55 | 82 | Diversified Portfolio | FOBAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.50 | 0.56 | 86 | Diversified Portfolio | FOBAX vs FSIRX |
See all 31 diversifiers for FOBAX
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