Looking to diversify beyond FFACX? The mutual funds below have historically moved differently from FFACX, 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 FFACX
5 mutual funds have low correlation with FFACX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.21, up from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.21 | 0.10 | -0.04 | 79 | Global Allocation | FFACX vs LFMIX | |
| Wilmington Real Asset Fund | 0.23 | 0.47 | 0.56 | 90 | Global Allocation | FFACX vs WMRIX | |
| Franklin Colorado Tax-Free Income Fund Class A | 0.25 | 0.23 | 0.20 | 86 | Municipal Bonds | FFACX vs FCOQX | |
| MH Elite Select Portfolio of Funds Fund | 0.28 | 0.35 | 0.61 | 68 | Global Allocation | FFACX vs MHESX | |
| Franklin California High Yield Municipal Fund Advi... | 0.28 | 0.24 | 0.21 | 87 | High Yield Muni | FFACX vs FVCAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FFACX
Add FFACX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FFACX