Looking to diversify beyond FOINX? The mutual funds below have the lowest correlation with FOINX — 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 FOINX.
Best Diversifiers for FOINX
0 mutual funds have low correlation with FOINX (below 0.3), 0 of which are negatively correlated. The least correlated is Tributary Nebraska Tax-Free Fund (FONPX) (Municipal Bonds) with a 1Y correlation of 0.59, roughly unchanged from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tributary Nebraska Tax-Free Fund | 0.59 | 0.61 | 0.54 | 68 | Municipal Bonds | FOINX vs FONPX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.66 | 0.71 | 0.68 | 53 | Intermediate Core Bond | FOINX vs STWTX | |
| Loomis Sayles Securitized Asset Fund | 0.77 | 0.88 | 0.90 | 64 | Intermediate Core Bond | FOINX vs LSSAX | |
| Tributary Short-Intermediate Bond Fund | 0.78 | 0.79 | 0.79 | 59 | Short-Term Bond | FOINX vs FOSIX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.83 | 0.89 | 0.89 | 54 | Intermediate Core Bond | FOINX vs PCGTX |
Diversification Analysis
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