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), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.16 | 0.50 | 70 | Diversified Portfolio | FBAKX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.48 | 0.56 | 86 | Diversified Portfolio | FBAKX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.28 | 0.49 | 0.56 | 87 | Diversified Portfolio | FBAKX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.49 | 0.56 | 82 | Diversified Portfolio | FBAKX vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.29 | 0.49 | 0.56 | 88 | Diversified Portfolio | FBAKX vs FSRKX |
See all 43 diversifiers for FBAKX
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