Looking to diversify beyond FBALX? The mutual funds below have the lowest correlation with FBALX — 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 FBALX.
Best Diversifiers for FBALX
9 mutual funds have low correlation with FBALX (below 0.3), 2 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 -0.26, 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... | -0.26 | -0.08 | 0.06 | 58 | Diversified Portfolio | FBALX vs SIFAX | |
| Fidelity Select Energy Portfolio | -0.09 | 0.16 | 0.30 | 62 | Energy Equities | FBALX vs FSENX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.15 | 0.50 | 67 | Diversified Portfolio | FBALX vs MHELX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.12 | 0.21 | 0.24 | 90 | Inflation-Protected Bonds | FBALX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.23 | 0.29 | 0.33 | 93 | Bank Loan | FBALX vs FFRHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FBALX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBALX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.24, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.24 | -0.02 | 0.11 | 81 | Consumer Defensive | |
| Chevron Corporation | -0.22 | 0.02 | 0.19 | 70 | Energy | |
| Exxon Mobil Corporation | -0.21 | 0.00 | 0.17 | 75 | Energy | |
| Waste Management, Inc. | -0.21 | 0.07 | 0.25 | 53 | Industrials | |
| Occidental Petroleum Corporation | -0.20 | 0.06 | 0.22 | 62 | Energy |
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Build a portfolio that complements FBALX
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