Looking to diversify beyond FTGAX? The mutual funds below have historically moved differently from FTGAX, 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 FTGAX
12 mutual funds have low correlation with FTGAX (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 0.19, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.27 | 0.35 | 100 | Municipal Bonds | FTGAX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 0.21 | 0.26 | 0.26 | 100 | Municipal Bonds | FTGAX vs ATOIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.23 | 0.34 | 0.41 | 98 | Municipal Bonds | FTGAX vs USMTX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.24 | 0.25 | 0.22 | 99 | Municipal Bonds | FTGAX vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.24 | 0.29 | — | 100 | Municipal Bonds | FTGAX vs DFABX |
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