Looking to diversify beyond FOINX? The mutual funds below have historically moved differently from FOINX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FOINX
1 mutual funds have low correlation with FOINX (below 0.3), 0 of which are negatively correlated. The least correlated is Tributary Small Company Fund (FOSCX) (Small Cap Blend Equities) with a 1Y correlation of 0.29, up from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tributary Small Company Fund | 0.29 | 0.22 | 0.15 | 63 | Small Cap Blend Equities | FOINX vs FOSCX | |
| Tributary Nebraska Tax-Free Fund | 0.61 | 0.62 | 0.55 | 57 | Municipal Bonds | FOINX vs FONPX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.69 | 0.70 | 0.68 | 64 | Intermediate Core Bond | FOINX vs STWTX | |
| Tributary Short-Intermediate Bond Fund | 0.78 | 0.78 | 0.79 | 78 | Short-Term Bond | FOINX vs FOSIX | |
| Loomis Sayles Securitized Asset Fund | 0.78 | 0.88 | 0.90 | 64 | Intermediate Core Bond | FOINX vs LSSAX |
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