Looking to diversify beyond FSMBX? The mutual funds below have historically moved differently from FSMBX, 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 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 0.25, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tributary Nebraska Tax-Free Fund | 0.25 | 0.18 | 0.13 | 57 | Municipal Bonds | FSMBX vs FONPX | |
| Tributary Short-Intermediate Bond Fund | 0.27 | 0.18 | 0.14 | 78 | Short-Term Bond | FSMBX vs FOSIX | |
| Tarkio Fund | 0.61 | 0.75 | 0.82 | 65 | Mid Cap Blend Equities | FSMBX vs TARKX | |
| Gotham Enhanced Return Fund | 0.65 | 0.72 | 0.79 | 88 | Mid Cap Blend Equities | FSMBX vs GENIX | |
| Hodges Fund | 0.66 | 0.75 | 0.81 | 59 | Mid Cap Blend Equities | FSMBX vs HDPMX |
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