Looking to diversify beyond FTLAX? The mutual funds below have the lowest correlation with FTLAX — 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 FTLAX.
Best Diversifiers for FTLAX
13 mutual funds have low correlation with FTLAX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Mid Cap Value Fund (FASEX) (Mid Cap Value Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Mid Cap Value Fund | 0.14 | 0.13 | 0.08 | 70 | Mid Cap Value Equities | FTLAX vs FASEX | |
| Nuveen Equity Long/Short Fund | 0.15 | 0.09 | 0.06 | 57 | Long-Short | FTLAX vs NELIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.16 | 0.32 | 0.38 | 99 | Municipal Bonds | FTLAX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.20 | 0.32 | 0.41 | 99 | Municipal Bonds | FTLAX vs DNYMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.20 | 0.16 | 0.13 | 98 | Municipal Bonds | FTLAX vs FHMIX |
See all 22 diversifiers for FTLAX
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