Looking to diversify beyond FBAOX? The mutual funds below have historically moved differently from FBAOX, 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 FBAOX
8 mutual funds have low correlation with FBAOX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.29 | — | — | 83 | Diversified Portfolio | FBAOX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | — | — | 68 | Diversified Portfolio | FBAOX vs MHELX | |
| Fidelity Strategic Real Return Fund | 0.28 | — | — | 95 | Diversified Portfolio | FBAOX vs FSRRX | |
| DWS RREEF Real Assets Fund - Class A | 0.28 | 0.39 | 0.39 | 74 | Diversified Portfolio | FBAOX vs AAAAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.35 | 0.35 | 91 | Diversified Portfolio | FBAOX vs FSIRX |
See all 48 diversifiers for FBAOX
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