Looking to diversify beyond FDTRX? The mutual funds below have the lowest correlation with FDTRX — 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 FDTRX.
Best Diversifiers for FDTRX
1 mutual funds have low correlation with FDTRX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.27, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.27 | 0.34 | 0.47 | 89 | Diversified Portfolio | FDTRX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.31 | 0.36 | 0.47 | 84 | Diversified Portfolio | FDTRX vs FKINX | |
| Vanguard Small-Cap Value Index Fund Admiral Shares | 0.45 | 0.52 | 0.61 | 53 | Small Cap Value Equities | FDTRX vs VSIAX | |
| ARK Venture Fund | 0.48 | 0.57 | — | 99 | Technology Equities | FDTRX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.53 | 0.57 | 0.67 | 72 | Technology Equities | FDTRX vs GTTIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDTRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDTRX and solid risk/return profiles. The least correlated is DigitalBridge Group, Inc. (DBRG) (Real Estate) with a 1Y correlation of 0.24, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DigitalBridge Group, Inc. | 0.24 | 0.33 | 0.45 | 81 | Real Estate | |
| Apple Inc | 0.33 | 0.40 | 0.53 | 88 | Technology | |
| Corning Incorporated | 0.50 | 0.49 | 0.54 | 98 | Technology | |
| CrowdStrike Holdings, Inc. | 0.51 | 0.61 | 0.68 | 66 | Technology | |
| Alphabet Inc. Class A | 0.52 | 0.58 | 0.67 | 96 | Communication Services |
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