Looking to diversify beyond FBFZX? The mutual funds below have historically moved differently from FBFZX, 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 FBFZX
3 mutual funds have low correlation with FBFZX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.02, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.12 | 0.43 | 66 | Diversified Portfolio | FBFZX vs MHELX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.07 | 0.01 | 0.02 | 97 | Equity Market Neutral | FBFZX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.30 | 0.11 | -0.04 | 66 | Systematic Trend | FBFZX vs ASFYX | |
| Standpoint Multi-Asset Fund Institutional | 0.36 | 0.35 | 0.41 | 84 | Diversified Portfolio | FBFZX vs BLNDX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.38 | 0.39 | 0.45 | 99 | Diversified Portfolio | FBFZX vs STDAX |
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