Looking to diversify beyond FULBX? The mutual funds below have historically moved differently from FULBX, 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 FULBX
16 mutual funds have low correlation with FULBX (below 0.3), 1 of which are negatively correlated. The least correlated is T. Rowe Price Ultra Short-Term Bond Fund Class I (TRSTX) (Ultrashort Bond) with a 1Y correlation of -0.01, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.01 | 0.27 | 0.32 | 99 | Ultrashort Bond | FULBX vs TRSTX | |
| Tactical Multi-Purpose Fund | 0.01 | -0.01 | -0.01 | 100 | Ultrashort Bond | FULBX vs TMPFX | |
| Federated Hermes MDT Market Neutral A | 0.03 | -0.05 | — | 54 | Long-Short | FULBX vs QAMNX | |
| Navigator Ultra Short Term Bond Fund | 0.05 | 0.06 | 0.10 | 100 | Ultrashort Bond | FULBX vs NUSIX | |
| CrossingBridge Ultra-Short Duration Fund | 0.09 | 0.04 | 0.09 | 99 | Ultrashort Bond | FULBX vs CBUDX |
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