Looking to diversify beyond FTOIX? The mutual funds below have the lowest correlation with FTOIX — 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 FTOIX.
Best Diversifiers for FTOIX
12 mutual funds have low correlation with FTOIX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.17, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.27 | 0.36 | 99 | Municipal Bonds | FTOIX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.19 | 0.28 | 0.41 | 100 | Municipal Bonds | FTOIX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 0.21 | 0.32 | 0.42 | 99 | Municipal Bonds | FTOIX vs DNYMX | |
| Franklin Income Fund Advisor Class | 0.22 | 0.32 | 0.23 | 89 | Diversified Portfolio | FTOIX vs FRIAX | |
| JPMorgan Ultra-Short Municipal Fund | 0.22 | 0.32 | 0.39 | 99 | Municipal Bonds | FTOIX vs USMSX |
See all 20 diversifiers for FTOIX
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