Looking to diversify beyond FTGAX? The mutual funds below have the lowest correlation with FTGAX — 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 FTGAX.
Best Diversifiers for FTGAX
11 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 0.14, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.26 | 0.34 | 99 | Municipal Bonds | FTGAX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.17 | 0.31 | 0.37 | 99 | Municipal Bonds | FTGAX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.18 | 0.31 | 0.40 | 99 | Municipal Bonds | FTGAX vs DNYMX | |
| Franklin Income Fund Advisor Class | 0.18 | 0.31 | 0.23 | 92 | Diversified Portfolio | FTGAX vs FRIAX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.19 | 0.29 | — | 100 | Municipal Bonds | FTGAX vs DFABX |
See all 18 diversifiers for FTGAX
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