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
2 mutual funds have low correlation with FTAAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | 0.43 | 67 | Diversified Portfolio | FTAAX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.29 | 0.16 | 0.10 | 95 | Long-Short | FTAAX vs BDMIX | |
| Concorde Wealth Management Fund | 0.38 | 0.55 | 0.62 | 55 | Diversified Portfolio | FTAAX vs CONWX | |
| Fidelity Strategic Real Return Fund | 0.42 | 0.61 | 0.63 | 87 | Diversified Portfolio | FTAAX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.42 | 0.61 | 0.63 | 86 | Diversified Portfolio | FTAAX vs FSIRX |
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