Looking to diversify beyond FDTRX? The mutual funds below have historically moved differently from FDTRX, 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 FDTRX
2 mutual funds have low correlation with FDTRX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Class A1 (FKINX) (Diversified Portfolio) with a 1Y correlation of 0.24, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.24 | 0.34 | 0.46 | 91 | Diversified Portfolio | FDTRX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.25 | 0.31 | 0.46 | 94 | Diversified Portfolio | FDTRX vs FRIAX | |
| Vanguard Small-Cap Value Index Fund Admiral Shares | 0.42 | 0.50 | 0.61 | 76 | Small Cap Value Equities | FDTRX vs VSIAX | |
| ARK Venture Fund | 0.49 | 0.57 | — | 98 | Technology Equities | FDTRX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.54 | 0.56 | 0.67 | 55 | Technology Equities | FDTRX vs GTTIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FDTRX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is DigitalBridge Group, Inc. (DBRG) (Real Estate) with a 1Y correlation of 0.24, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DigitalBridge Group, Inc. | 0.24 | 0.32 | 0.44 | 82 | Real Estate | |
| Apple Inc | 0.32 | 0.42 | 0.58 | 90 | Technology | |
| CrowdStrike Holdings, Inc. | 0.49 | 0.60 | 0.67 | 83 | Technology | |
| Alphabet Inc. Class A | 0.53 | 0.57 | 0.67 | 96 | Communication Services | |
| Corning Incorporated | 0.55 | 0.51 | 0.55 | 89 | Technology |
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