Looking to diversify beyond FTOIX? The mutual funds below have historically moved differently from FTOIX, 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 FTOIX
11 mutual funds have low correlation with FTOIX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.22, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.22 | 0.33 | 0.39 | 98 | Municipal Bonds | FTOIX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.23 | 0.27 | 0.37 | 100 | Municipal Bonds | FTOIX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.23 | 0.27 | — | 100 | Municipal Bonds | FTOIX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 0.23 | 0.32 | 0.42 | 99 | Municipal Bonds | FTOIX vs DNYMX | |
| abrdn Ultra Short Municipal Income Fund | 0.24 | 0.28 | 0.28 | 100 | Municipal Bonds | FTOIX vs ATOIX |
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