Looking to diversify beyond FBAKX? The mutual funds below have the lowest correlation with FBAKX — 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 FBAKX.
Best Diversifiers for FBAKX
6 mutual funds have low correlation with FBAKX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.27, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.27 | -0.09 | 0.06 | 58 | Diversified Portfolio | FBAKX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.15 | 0.49 | 69 | Diversified Portfolio | FBAKX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.48 | 0.55 | 79 | Diversified Portfolio | FBAKX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.47 | 0.55 | 83 | Diversified Portfolio | FBAKX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.29 | 0.48 | 0.56 | 82 | Diversified Portfolio | FBAKX vs FSRRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FBAKX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBAKX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.04, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.04 | 0.28 | 0.47 | 53 | Financial Services |
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