Looking to diversify beyond FTLAX? The mutual funds below have historically moved differently from FTLAX, 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 FTLAX
11 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 0.18, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Mid Cap Value Fund | 0.18 | 0.13 | 0.09 | 84 | Mid Cap Value Equities | FTLAX vs FASEX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.20 | 0.13 | 0.13 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FTLAX vs QQQX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.22 | 0.22 | 0.20 | 99 | Municipal Bonds | FTLAX vs TFCYX | |
| Nuveen Equity Index Fund Class I | 0.22 | 0.14 | 0.12 | 63 | Large Cap Blend Equities | FTLAX vs TIEIX | |
| Federated Hermes Conservative Municipal Microshort... | 0.24 | 0.17 | 0.13 | 99 | Municipal Bonds | FTLAX vs FHMIX |
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