Looking to diversify beyond FSMBX? The mutual funds below have the lowest correlation with FSMBX — 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 FSMBX.
Best Diversifiers for FSMBX
2 mutual funds have low correlation with FSMBX (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 0.22, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tributary Nebraska Tax-Free Fund | 0.22 | 0.17 | 0.12 | 68 | Municipal Bonds | FSMBX vs FONPX | |
| Tributary Short-Intermediate Bond Fund | 0.24 | 0.17 | 0.14 | 59 | Short-Term Bond | FSMBX vs FOSIX | |
| Tarkio Fund | 0.63 | 0.75 | 0.82 | 68 | Mid Cap Blend Equities | FSMBX vs TARKX | |
| Gotham Enhanced Return Fund | 0.65 | 0.72 | 0.80 | 74 | Mid Cap Blend Equities | FSMBX vs GENIX | |
| Hodges Fund | 0.69 | 0.76 | 0.81 | 78 | Mid Cap Blend Equities | FSMBX vs HDPMX |
See all 19 diversifiers for FSMBX
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