Looking to diversify beyond FTFMX? The mutual funds below have the lowest correlation with FTFMX — 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 FTFMX.
Best Diversifiers for FTFMX
18 mutual funds have low correlation with FTFMX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.17 | 0.21 | 95 | Municipal Bonds | FTFMX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.22 | 0.24 | 94 | Municipal Bonds | FTFMX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.05 | 0.07 | 96 | Semiconductors, Technology Equities | FTFMX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.15 | 0.10 | 0.10 | 73 | Large Cap Growth Equities | FTFMX vs FBGRX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.27 | 0.37 | 99 | Municipal Bonds | FTFMX vs DFSMX |
See all 32 diversifiers for FTFMX
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