Looking to diversify beyond FARYX? The mutual funds below have the lowest correlation with FARYX — 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 FARYX.
Best Diversifiers for FARYX
2 mutual funds have low correlation with FARYX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund (PCBAX) (Macro Trading) with a 1Y correlation of -0.04, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund | -0.04 | 0.13 | 0.14 | 72 | Macro Trading | FARYX vs PCBAX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.24 | 0.09 | 0.20 | 92 | Macro Trading | FARYX vs MBXAX | |
| Fidelity 500 Index Fund | 0.39 | 0.42 | 0.45 | 75 | S&P 500 | FARYX vs FXAIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.40 | 0.31 | 0.26 | 97 | Macro Trading | FARYX vs EGRAX | |
| Rational/ReSolve Adaptive Asset Allocation Fund | 0.41 | 0.24 | 0.28 | 72 | Macro Trading | FARYX vs RDMIX |
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