Looking to diversify beyond FBKFX? The mutual funds below have the lowest correlation with FBKFX — 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 FBKFX.
Best Diversifiers for FBKFX
7 mutual funds have low correlation with FBKFX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.26, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.26 | -0.06 | 0.08 | 73 | Diversified Portfolio | FBKFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.18 | 0.52 | 64 | Diversified Portfolio | FBKFX vs MHELX | |
| Fidelity Strategic Real Return Fund | 0.26 | 0.49 | 0.56 | 96 | Diversified Portfolio | FBKFX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.26 | 0.48 | 0.56 | 95 | Diversified Portfolio | FBKFX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.26 | 0.48 | 0.56 | 96 | Diversified Portfolio | FBKFX vs FSIRX |
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