Looking to diversify beyond FTAAX? The mutual funds below have the lowest correlation with FTAAX — 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 FTAAX.
Best Diversifiers for FTAAX
3 mutual funds have low correlation with FTAAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.17, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.17 | 0.04 | 0.14 | 58 | Diversified Portfolio | FTAAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.15 | 0.42 | 69 | Diversified Portfolio | FTAAX vs MHELX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.30 | 0.17 | 0.10 | 96 | Equity Market Neutral | FTAAX vs BDMIX | |
| Concorde Wealth Management Fund | 0.36 | 0.54 | 0.62 | 71 | Diversified Portfolio | FTAAX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.42 | 0.61 | 0.63 | 83 | Diversified Portfolio | FTAAX vs FIQDX |
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