Looking to diversify beyond FOHTX? The mutual funds below have the lowest correlation with FOHTX — 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 FOHTX.
Best Diversifiers for FOHTX
11 mutual funds have low correlation with FOHTX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.11, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.11 | 0.29 | 0.37 | 99 | Municipal Bonds | FOHTX vs USMSX | |
| Nuveen Equity Long/Short Fund | 0.12 | 0.07 | 0.07 | 57 | Long-Short | FOHTX vs NELIX | |
| Nuveen Mid Cap Value Fund | 0.15 | 0.12 | 0.09 | 70 | Mid Cap Value Equities | FOHTX vs FASEX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.23 | 0.34 | 99 | Municipal Bonds | FOHTX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.18 | 0.30 | 0.40 | 99 | Municipal Bonds | FOHTX vs DNYMX |
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