Looking to diversify beyond FFANX? The mutual funds below have the lowest correlation with FFANX — 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 FFANX.
Best Diversifiers for FFANX
16 mutual funds have low correlation with FFANX (below 0.3), 3 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of -0.07, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.07 | -0.01 | 0.01 | 99 | Municipal Bonds | FFANX vs TFCYX | |
| BlackRock Tactical Opportunities Fund Institutiona... | -0.03 | 0.19 | 0.13 | 81 | Tactical Allocation | FFANX vs PBAIX | |
| BlackRock Tactical Opportunities Fund | -0.03 | 0.19 | 0.14 | 77 | Macro Trading | FFANX vs PCBAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | 0.46 | 75 | Diversified Portfolio | FFANX vs MHELX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.11 | 0.13 | 0.11 | 99 | Total Bond Market | FFANX vs FCNVX |
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