Looking to diversify beyond FTNYX? The mutual funds below have the lowest correlation with FTNYX — 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 FTNYX.
Best Diversifiers for FTNYX
11 mutual funds have low correlation with FTNYX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Opportunity Fund (FIUSX) (Mid Cap Value Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Opportunity Fund | 0.14 | 0.13 | 0.09 | 82 | Mid Cap Value Equities | FTNYX vs FIUSX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.26 | 0.34 | 99 | Municipal Bonds | FTNYX vs DFSMX | |
| Delaware Emerging Markets Fund | 0.15 | 0.10 | 0.10 | 98 | Emerging Markets Diversified | FTNYX vs DEMIX | |
| Delaware Growth and Income Fund | 0.16 | 0.14 | 0.08 | 96 | Large Cap Value Equities | FTNYX vs FGINX | |
| JPMorgan Ultra-Short Municipal Fund | 0.17 | 0.31 | 0.37 | 99 | Municipal Bonds | FTNYX vs USMSX |
See all 19 diversifiers for FTNYX
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