Looking to diversify beyond FTANX? The mutual funds below have the lowest correlation with FTANX — 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 FTANX.
Best Diversifiers for FTANX
2 mutual funds have low correlation with FTANX (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 0.05, 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 | 0.05 | 0.17 | 0.43 | 67 | Diversified Portfolio | FTANX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.29 | 0.15 | 0.10 | 95 | Long-Short | FTANX vs BDMIX | |
| Concorde Wealth Management Fund | 0.38 | 0.55 | 0.62 | 55 | Diversified Portfolio | FTANX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.41 | 0.61 | 0.63 | 86 | Diversified Portfolio | FTANX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.41 | 0.61 | 0.64 | 87 | Diversified Portfolio | FTANX vs FSRRX |
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