Looking to diversify beyond FBDAX? The mutual funds below have historically moved differently from FBDAX, 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 FBDAX
0 mutual funds have low correlation with FBDAX (below 0.3), 0 of which are negatively correlated. The least correlated is MM S&P 500 Index Fund (MIEYX) (S&P 500) with a 1Y correlation of 0.35, up from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MM S&P 500 Index Fund | 0.35 | 0.23 | 0.18 | 56 | S&P 500 | FBDAX vs MIEYX | |
| BlackRock LifePath Dynamic 2050 Fund | 0.39 | 0.29 | 0.24 | 60 | Target Retirement Date | FBDAX vs STLFX | |
| BlackRock Global Dividend Portfolio | 0.40 | 0.31 | 0.26 | 58 | Global Equities | FBDAX vs BIBDX | |
| Templeton Institutional Fund International Equity ... | 0.41 | 0.29 | 0.23 | 63 | Foreign Large Cap Equities | FBDAX vs TFEQX | |
| Franklin Income Fund Class A1 | 0.42 | 0.49 | 0.41 | 87 | Diversified Portfolio | FBDAX vs FKINX |
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