Looking to diversify beyond FARFX? The mutual funds below have the lowest correlation with FARFX — 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 FARFX.
Best Diversifiers for FARFX
2 mutual funds have low correlation with FARFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (High Yield Bonds) with a 1Y correlation of 0.20, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.20 | 0.26 | 0.33 | 92 | High Yield Bonds | FARFX vs FFRHX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.24 | 0.15 | 0.09 | 92 | Long-Short | FARFX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.48 | 0.24 | 0.03 | 67 | Systematic Trend | FARFX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.78 | 0.73 | 0.76 | 75 | Large Cap Growth Equities | FARFX vs NASDX | |
| Dimensional Retirement Income Fund | 0.83 | 0.90 | 0.88 | 83 | Target Retirement Date | FARFX vs TDIFX |
See all 56 diversifiers for FARFX
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