Looking to diversify beyond FTNYX? The mutual funds below have historically moved differently from FTNYX, 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 FTNYX
14 mutual funds have low correlation with FTNYX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Growth and Income Fund (FGINX) (Large Cap Value Equities) with a 1Y correlation of 0.15, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Growth and Income Fund | 0.15 | 0.14 | 0.08 | 98 | Large Cap Value Equities | FTNYX vs FGINX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.27 | 0.34 | 100 | Municipal Bonds | FTNYX vs DFSMX | |
| Delaware Emerging Markets Fund | 0.18 | 0.11 | 0.11 | 91 | Emerging Markets Equities | FTNYX vs DEMIX | |
| Delaware Small Cap Value Fund | 0.20 | 0.14 | 0.09 | 78 | Small Cap Value Equities | FTNYX vs DEVLX | |
| Delaware Opportunity Fund | 0.20 | 0.15 | 0.10 | 89 | Mid Cap Value Equities | FTNYX vs FIUSX |
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