Looking to diversify beyond FDYNX? The mutual funds below have historically moved differently from FDYNX, 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 FDYNX
2 mutual funds have low correlation with FDYNX (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 | 87 | Diversified Portfolio | FDYNX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.25 | 0.31 | 0.46 | 93 | Diversified Portfolio | FDYNX vs FRIAX | |
| Davis New York Venture Fund Class Y | 0.58 | 0.65 | 0.71 | 90 | Large Cap Growth Equities | FDYNX vs DNVYX | |
| Templeton Institutional Fund International Equity ... | 0.61 | 0.56 | 0.61 | 63 | Foreign Large Cap Equities | FDYNX vs TFEQX | |
| ICON Equity Fund | 0.65 | 0.58 | 0.68 | 80 | Large Cap Growth Equities | FDYNX vs IOLZX |
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