Looking to diversify beyond FBDAX? The mutual funds below have the lowest correlation with FBDAX — 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 FBDAX.
Best Diversifiers for FBDAX
1 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 0.27, up from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MM S&P 500 Index Fund | 0.27 | 0.21 | 0.17 | 70 | S&P 500 | FBDAX vs MIEYX | |
| BlackRock LifePath Dynamic 2050 Fund | 0.34 | 0.30 | 0.22 | 56 | Target Retirement Date | FBDAX vs STLFX | |
| Franklin Income Fund Class A1 | 0.40 | 0.49 | 0.40 | 87 | Diversified Portfolio | FBDAX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.41 | 0.52 | 0.39 | 92 | Diversified Portfolio | FBDAX vs FRIAX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.46 | 0.29 | 0.21 | 90 | Intermediate Core-Plus Bond | FBDAX vs LCTRX |
See all 12 diversifiers for FBDAX
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