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
6 mutual funds have low correlation with FBKFX (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 0.04, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.17 | 0.51 | 70 | Diversified Portfolio | FBKFX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.49 | 0.56 | 82 | Diversified Portfolio | FBKFX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.28 | 0.49 | 0.56 | 87 | Diversified Portfolio | FBKFX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.48 | 0.56 | 86 | Diversified Portfolio | FBKFX vs FSIRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.29 | 0.49 | 0.56 | 88 | Diversified Portfolio | FBKFX vs FSRKX |
See all 40 diversifiers for FBKFX
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