Looking to diversify beyond FFA? The mutual funds below have the lowest correlation with FFA — 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 FFA.
Best Diversifiers for FFA
1 mutual funds have low correlation with FFA (below 0.3), 0 of which are negatively correlated. The least correlated is Vivaldi Merger Arbitrage Fund Class I (VARBX) (Event Driven) with a 1Y correlation of 0.16, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 0.16 | 0.18 | 0.26 | 98 | Event Driven | FFA vs VARBX | |
| The Covered Bridge Fund | 0.47 | 0.49 | 0.61 | 83 | Derivative Income | FFA vs TCBIX | |
| First Trust Preferred Securities and Income Fund | 0.50 | 0.41 | 0.41 | 73 | Preferred Stock/Convertible Bonds | FFA vs FPEIX | |
| BlackRock Enhanced Large Cap Core Fund | 0.67 | 0.69 | 0.74 | 86 | Derivative Income | FFA vs CII | |
| Adams Diversified Equity Fund, Inc. | 0.69 | 0.73 | 0.77 | 77 | Large Cap Growth Equities | FFA vs ADX |
See all 9 diversifiers for FFA
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Diversification Analysis
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