Looking to diversify beyond FBAOX? The mutual funds below have the lowest correlation with FBAOX — 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 FBAOX.
Best Diversifiers for FBAOX
7 mutual funds have low correlation with FBAOX (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.27 | — | — | 73 | Diversified Portfolio | FBAOX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | — | — | 64 | Diversified Portfolio | FBAOX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.25 | 0.37 | 0.37 | 96 | Diversified Portfolio | FBAOX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.26 | 0.36 | 0.36 | 96 | Diversified Portfolio | FBAOX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.26 | — | — | 95 | Diversified Portfolio | FBAOX vs FCSRX |
See all 43 diversifiers for FBAOX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FBAOX
Add FBAOX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FBAOX