Looking to diversify beyond FBAKX? The mutual funds below have historically moved differently from FBAKX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FBAKX
9 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 -0.31, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.31 | -0.11 | 0.04 | 83 | Diversified Portfolio | FBAKX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.14 | 0.49 | 66 | Diversified Portfolio | FBAKX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.47 | 0.54 | 89 | Diversified Portfolio | FBAKX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.28 | 0.47 | 0.55 | 95 | Diversified Portfolio | FBAKX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.46 | 0.54 | 91 | Diversified Portfolio | FBAKX vs FIQDX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FBAKX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.01, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.01 | 0.28 | 0.46 | 61 | Financial Services |
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