Looking to diversify beyond FBFZX? The mutual funds below have the lowest correlation with FBFZX — 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 FBFZX.
Best Diversifiers for FBFZX
2 mutual funds have low correlation with FBFZX (below 0.3), 1 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 -0.01, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.01 | 0.15 | 0.44 | 67 | Diversified Portfolio | FBFZX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.08 | 0.03 | 0.03 | 95 | Long-Short | FBFZX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.34 | 0.10 | -0.02 | 60 | Systematic Trend | FBFZX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.35 | 0.41 | 0.56 | 70 | Large Cap Growth Equities | FBFZX vs NASDX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.38 | 0.39 | 0.45 | 99 | Diversified Portfolio | FBFZX vs STDAX |
See all 27 diversifiers for FBFZX
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