Looking to diversify beyond FFACX? The mutual funds below have the lowest correlation with FFACX — 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 FFACX.
Best Diversifiers for FFACX
3 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 0.19, up from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.19 | 0.08 | -0.03 | 86 | Global Allocation | FFACX vs LFMIX | |
| Franklin Colorado Tax-Free Income Fund Class A | 0.24 | 0.24 | 0.19 | 75 | Municipal Bonds | FFACX vs FCOQX | |
| Franklin California High Yield Municipal Fund Advi... | 0.26 | 0.24 | 0.20 | 75 | High Yield Muni | FFACX vs FVCAX | |
| Hartford Real Asset Fund | 0.34 | 0.52 | 0.63 | 88 | Global Allocation | FFACX vs HRLYX | |
| MH Elite Select Portfolio of Funds Fund | 0.40 | 0.39 | 0.63 | 57 | Global Allocation | FFACX vs MHESX |
See all 22 diversifiers for FFACX
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