Looking to diversify beyond FXNCX? The mutual funds below have historically moved differently from FXNCX, 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 FXNCX
11 mutual funds have low correlation with FXNCX (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 0.19, down from 0.38 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 | 0.19 | 0.32 | 0.38 | 98 | Municipal Bonds | FXNCX vs USMSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.28 | — | 100 | Municipal Bonds | FXNCX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.26 | 0.36 | 100 | Municipal Bonds | FXNCX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.23 | 0.34 | 0.41 | 98 | Municipal Bonds | FXNCX vs USMTX | |
| Franklin Income Fund Advisor Class | 0.24 | 0.33 | 0.24 | 93 | Diversified Portfolio | FXNCX vs FRIAX |
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