Looking to diversify beyond FTAZX? The mutual funds below have historically moved differently from FTAZX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FTAZX
12 mutual funds have low correlation with FTAZX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.20, roughly unchanged from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.20 | 0.31 | 0.24 | 93 | Diversified Portfolio | FTAZX vs FRIAX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.26 | 0.35 | 100 | Municipal Bonds | FTAZX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.22 | 0.31 | 0.41 | 99 | Municipal Bonds | FTAZX vs DNYMX | |
| abrdn Ultra Short Municipal Income Fund | 0.24 | 0.29 | 0.29 | 100 | Municipal Bonds | FTAZX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.24 | 0.23 | 0.21 | 99 | Municipal Bonds | FTAZX vs TFCYX |
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