Looking to diversify beyond FTAZX? The mutual funds below have the lowest correlation with FTAZX — 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 FTAZX.
Best Diversifiers for FTAZX
11 mutual funds have low correlation with FTAZX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA NY Municipal Bond Portfolio (DNYMX) (Municipal Bonds) with a 1Y correlation of 0.16, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA NY Municipal Bond Portfolio | 0.16 | 0.31 | 0.41 | 99 | Municipal Bonds | FTAZX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.25 | 0.35 | 99 | Municipal Bonds | FTAZX vs DFSMX | |
| Franklin Income Fund Advisor Class | 0.18 | 0.31 | 0.23 | 90 | Diversified Portfolio | FTAZX vs FRIAX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.30 | 0.37 | 99 | Municipal Bonds | FTAZX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.23 | 0.35 | 0.43 | 99 | Municipal Bonds | FTAZX vs DFCMX |
See all 19 diversifiers for FTAZX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FTAZX
Add FTAZX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FTAZX