Looking to diversify beyond FTTMX? The mutual funds below have the lowest correlation with FTTMX — 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 FTTMX.
Best Diversifiers for FTTMX
13 mutual funds have low correlation with FTTMX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.10, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.10 | 0.15 | 0.20 | 95 | Municipal Bonds | FTTMX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.04 | 0.19 | 0.22 | 94 | Municipal Bonds | FTTMX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.28 | 0.37 | 99 | Municipal Bonds | FTTMX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.30 | 0.36 | 99 | Municipal Bonds | FTTMX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.21 | 0.32 | 0.41 | 99 | Municipal Bonds | FTTMX vs DNYMX |
See all 24 diversifiers for FTTMX
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