Looking to diversify beyond FRVAX? The mutual funds below have the lowest correlation with FRVAX — 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 FRVAX.
Best Diversifiers for FRVAX
11 mutual funds have low correlation with FRVAX (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 0.17, 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 | 0.17 | 0.31 | 0.37 | 99 | Municipal Bonds | FRVAX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.27 | 0.35 | 99 | Municipal Bonds | FRVAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.28 | 0.40 | 100 | Municipal Bonds | FRVAX vs DFABX | |
| Franklin Income Fund Advisor Class | 0.20 | 0.33 | 0.24 | 89 | Diversified Portfolio | FRVAX vs FRIAX | |
| DFA California Short Term Municipal Bond Portfolio | 0.21 | 0.32 | 0.40 | 99 | Municipal Bonds | FRVAX vs DFCMX |
See all 20 diversifiers for FRVAX
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