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
10 mutual funds have low correlation with FTAZX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.18, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.26 | 0.35 | 100 | Municipal Bonds | FTAZX vs DFSMX | |
| Franklin Income Fund Advisor Class | 0.19 | 0.31 | 0.23 | 87 | Diversified Portfolio | FTAZX vs FRIAX | |
| DFA NY Municipal Bond Portfolio | 0.20 | 0.31 | 0.41 | 99 | Municipal Bonds | FTAZX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.31 | 0.37 | 99 | Municipal Bonds | FTAZX vs USMSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.22 | 0.28 | — | 100 | Municipal Bonds | FTAZX vs DFABX |
See all 19 diversifiers for FTAZX
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