Looking to diversify beyond FXNCX? The mutual funds below have the lowest correlation with FXNCX — 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 FXNCX.
Best Diversifiers for FXNCX
11 mutual funds have low correlation with FXNCX (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 0.14, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.25 | 0.35 | 99 | Municipal Bonds | FXNCX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.17 | 0.28 | 0.40 | 100 | Municipal Bonds | FXNCX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.32 | 0.38 | 99 | Municipal Bonds | FXNCX vs USMSX | |
| Franklin Income Fund Advisor Class | 0.20 | 0.32 | 0.23 | 89 | Diversified Portfolio | FXNCX vs FRIAX | |
| Federated Hermes Conservative Municipal Microshort... | 0.22 | 0.20 | 0.15 | 99 | Municipal Bonds | FXNCX vs FHMIX |
See all 20 diversifiers for FXNCX
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