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 0.15, 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 | 0.15 | 0.13 | 0.08 | 84 | Mid Cap Value Equities | FTLAX vs FASEX | |
| Nuveen Equity Index Fund Class I | 0.18 | 0.14 | 0.11 | 61 | Large Cap Blend Equities | FTLAX vs TIEIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.32 | 0.38 | 99 | Municipal Bonds | FTLAX vs USMSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.20 | 0.17 | 0.13 | 99 | Municipal Bonds | FTLAX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.26 | 0.35 | 100 | Municipal Bonds | FTLAX vs DFSMX |
See all 24 diversifiers for FTLAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FTLAX
Add FTLAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FTLAX