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) (Bank Loan) 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 | 0.25 | 0.33 | 92 | Bank Loan | FARFX vs FFRHX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.27 | 0.15 | 0.09 | 96 | Long-Short | FARFX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.47 | 0.24 | 0.02 | 64 | Systematic Trend | FARFX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.69 | 0.68 | 0.74 | 69 | Technology Equities | FARFX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.76 | 0.72 | 0.76 | 71 | Large Cap Growth Equities | FARFX vs NASDX |
See all 58 diversifiers for FARFX
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