Looking to diversify beyond FABZX? The mutual funds below have historically moved differently from FABZX, 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 FABZX
12 mutual funds have low correlation with FABZX (below 0.3), 4 of which are negatively correlated. The least correlated is GMO Alternative Allocation Fund (GAAVX) (Multistrategy) with a 1Y correlation of -0.07, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | -0.07 | 0.12 | 0.13 | 92 | Multistrategy | FABZX vs GAAVX | |
| AQR Style Premia Alternative R6 | -0.02 | 0.02 | -0.12 | 89 | Multistrategy | FABZX vs QSPRX | |
| AQR Style Premia Alternative Fund Class N | -0.01 | 0.02 | -0.12 | 88 | Multistrategy | FABZX vs QSPNX | |
| AQR Style Premia Alternative Fund - Class I | -0.01 | 0.02 | -0.12 | 89 | Multistrategy | FABZX vs QSPIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.07 | 0.06 | 0.05 | 100 | Multistrategy | FABZX vs SRRIX |
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