Looking to diversify beyond FRNJX? The mutual funds below have the lowest correlation with FRNJX — 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 FRNJX.
Best Diversifiers for FRNJX
11 mutual funds have low correlation with FRNJX (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 0.15, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.15 | 0.29 | 0.36 | 99 | Municipal Bonds | FRNJX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.27 | 0.36 | 99 | Municipal Bonds | FRNJX vs DFSMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.19 | 0.18 | 0.14 | 98 | Municipal Bonds | FRNJX vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.31 | 0.39 | 99 | Municipal Bonds | FRNJX vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.28 | — | 100 | Municipal Bonds | FRNJX vs DFABX |
See all 18 diversifiers for FRNJX
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