Looking to diversify beyond FCRIX? The mutual funds below have historically moved differently from FCRIX, 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 FCRIX
39 mutual funds have low correlation with FCRIX (below 0.3), 14 of which are negatively correlated. The least correlated is Stone Ridge Reinsurance Risk Premium Interval Fund (SRRIX) (Multistrategy) with a 1Y correlation of -0.12, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.12 | -0.01 | 0.00 | 100 | Multistrategy | FCRIX vs SRRIX | |
| GuideStone Funds Strategic Alternatives Fund | -0.10 | -0.04 | -0.08 | 93 | Multistrategy | FCRIX vs GFSYX | |
| Stone Ridge Diversified Alternatives Fund | -0.10 | -0.04 | 0.01 | 92 | Multistrategy | FCRIX vs SRDAX | |
| Strategic Advisers Alternatives Fund | -0.08 | 0.06 | — | 99 | Multistrategy | FCRIX vs FSLTX | |
| AQR Style Premia Alternative Fund Class N | -0.07 | -0.09 | -0.10 | 89 | Multistrategy | FCRIX vs QSPNX |
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