Looking to diversify beyond FTLTX? The mutual funds below have historically moved differently from FTLTX, 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 FTLTX
8 mutual funds have low correlation with FTLTX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.03 | 0.03 | 0.03 | 99 | Government Bonds | FTLTX vs GUSTX | |
| Fidelity Select Semiconductors Portfolio | 0.07 | 0.04 | 0.02 | 82 | Semiconductors, Technology Equities | FTLTX vs FSELX | |
| Federated Hermes Adjustable Rate Fund | 0.18 | 0.45 | 0.43 | 99 | Government Bonds | FTLTX vs FEUGX | |
| Fidelity ZERO Large Cap Index Fund | 0.23 | 0.18 | 0.09 | 72 | Large Cap Blend Equities | FTLTX vs FNILX | |
| Fidelity 500 Index Fund | 0.24 | 0.17 | 0.08 | 75 | S&P 500 | FTLTX vs FXAIX |
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