Looking to diversify beyond FTINX? The mutual funds below have the lowest correlation with FTINX — 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 FTINX.
Best Diversifiers for FTINX
3 mutual funds have low correlation with FTINX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.14, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.14 | 0.08 | 0.17 | 73 | Diversified Portfolio | FTINX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.17 | 0.43 | 64 | Diversified Portfolio | FTINX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.23 | 0.13 | 0.08 | 92 | Long-Short | FTINX vs BDMIX | |
| Concorde Wealth Management Fund | 0.38 | 0.56 | 0.63 | 71 | Diversified Portfolio | FTINX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.62 | 0.65 | 96 | Diversified Portfolio | FTINX vs FSIRX |
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