Looking to diversify beyond FTFMX? The mutual funds below have historically moved differently from FTFMX, 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 FTFMX
19 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 -0.02, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.16 | 0.22 | 91 | 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 | 0.10 | 0.05 | 0.07 | 80 | Semiconductors, Technology Equities | FTFMX vs FSELX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.34 | 0.40 | 98 | Municipal Bonds | FTFMX vs USMSX | |
| Fidelity 500 Index Fund | 0.22 | 0.15 | 0.12 | 64 | S&P 500 | FTFMX vs FXAIX |
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