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
13 mutual funds have low correlation with FBALX (below 0.3), 1 of which are negatively correlated. The least correlated is T. Rowe Price Dynamic Credit Fund (RPIDX) (Nontraditional Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Credit Fund | -0.10 | 0.04 | -0.01 | 78 | Nontraditional Bonds | FBALX vs RPIDX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.17 | 0.51 | 67 | Diversified Portfolio | FBALX vs MHELX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.10 | 0.20 | 0.24 | 89 | Inflation-Protected Bonds | FBALX vs VTAPX | |
| Vanguard Intermediate-Term Tax-Exempt Fund Investo... | 0.21 | 0.21 | 0.18 | 70 | Municipal Bonds | FBALX vs VWITX | |
| Vanguard New York Long-Term Tax-Exempt Fund Admira... | 0.24 | 0.24 | 0.19 | 75 | Municipal Bonds | FBALX vs VNYUX |
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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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.20, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.20 | 0.01 | 0.15 | 68 | Energy | |
| Altria Group, Inc. | -0.18 | -0.01 | 0.10 | 70 | Consumer Defensive | |
| ConocoPhillips Company | -0.17 | 0.03 | 0.16 | 61 | Energy | |
| Chevron Corporation | -0.17 | 0.02 | 0.17 | 68 | Energy | |
| The Coca-Cola Company | -0.14 | 0.04 | 0.21 | 74 | Consumer Defensive |
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