Looking to diversify beyond FEBAX? The mutual funds below have the lowest correlation with FEBAX — 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 FEBAX.
Best Diversifiers for FEBAX
2 mutual funds have low correlation with FEBAX (below 0.3), 1 of which are negatively correlated. The least correlated is T. Rowe Price Dynamic Credit Fund (RPIDX) (Nontraditional Bonds) with a 1Y correlation of -0.08, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Credit Fund | -0.08 | 0.01 | -0.01 | 78 | Nontraditional Bonds | FEBAX vs RPIDX | |
| T. Rowe Price Floating Rate Fund | 0.20 | 0.24 | 0.30 | 96 | High Yield Bonds | FEBAX vs PRFRX | |
| LoCorr Macro Strategies Fund Class I | 0.31 | 0.08 | -0.05 | 85 | Global Allocation | FEBAX vs LFMIX | |
| AQR Diversifying Strategies Fund Class N | 0.38 | 0.30 | 0.21 | 88 | Tactical Allocation | FEBAX vs QDSNX | |
| Fidelity OTC Portfolio | 0.38 | 0.38 | 0.50 | 92 | Large Cap Growth Equities | FEBAX vs FOCPX |
See all 38 diversifiers for FEBAX
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