Looking to diversify beyond FDYNX? The mutual funds below have the lowest correlation with FDYNX — 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 FDYNX.
Best Diversifiers for FDYNX
1 mutual funds have low correlation with FDYNX (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 | 0.33 | 0.47 | 92 | Diversified Portfolio | FDYNX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.31 | 0.36 | 0.47 | 87 | Diversified Portfolio | FDYNX vs FKINX | |
| Emerald Insights Fund | 0.35 | 0.77 | 0.85 | 99 | Large Cap Growth Equities | FDYNX vs EFCNX | |
| ICON Equity Fund | 0.57 | 0.55 | 0.66 | 76 | Large Cap Growth Equities | FDYNX vs IOLZX | |
| Vanguard PRIMECAP Fund Investor Shares | 0.72 | 0.79 | 0.83 | 94 | Large Cap Growth Equities | FDYNX vs VPMCX |
See all 17 diversifiers for FDYNX
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