Looking to diversify beyond FBRNX? The mutual funds below have the lowest correlation with FBRNX — 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 FBRNX.
Best Diversifiers for FBRNX
0 mutual funds have low correlation with FBRNX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Partners Fund (BPTRX) (Large Cap Growth Equities) with a 1Y correlation of 0.48, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Partners Fund | 0.48 | 0.62 | 0.67 | 72 | Large Cap Growth Equities | FBRNX vs BPTRX | |
| ICON Equity Fund | 0.74 | 0.76 | 0.83 | 84 | Large Cap Growth Equities | FBRNX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.74 | 0.82 | 0.85 | 80 | Large Cap Growth Equities | FBRNX vs DNVYX | |
| Adams Diversified Equity Fund, Inc. | 0.75 | 0.83 | 0.89 | 67 | Large Cap Blend Equities | FBRNX vs ADX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.77 | 0.75 | 0.79 | 61 | Foreign Large Cap Equities | FBRNX vs VTMGX |
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