Looking to diversify beyond FFA? The mutual funds below have historically moved differently from FFA, 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 FFA
2 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 0.19, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 0.19 | 0.19 | 0.25 | 99 | Event Driven | FFA vs VARBX | |
| Cullen Enhanced Equity Income Fund | 0.24 | 0.40 | 0.54 | 52 | Derivative Income | FFA vs ENHNX | |
| The Covered Bridge Fund | 0.40 | 0.48 | 0.60 | 83 | Derivative Income | FFA vs TCBIX | |
| First Trust Preferred Securities and Income Fund | 0.56 | 0.43 | 0.42 | 59 | Preferred Stock | FFA vs FPEIX | |
| Goldman Sachs International Equity Dividend and Pr... | 0.60 | 0.55 | 0.60 | 80 | Derivative Income | FFA vs GIDHX |
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