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
21 mutual funds have low correlation with FFANX (below 0.3), 6 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.19, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.19 | 0.00 | 0.13 | 65 | Diversified Portfolio | FFANX vs SIFAX | |
| BlackRock Energy Opportunities Fund | -0.09 | 0.17 | 0.29 | 54 | Energy Equities | FFANX vs BACAX | |
| BlackRock Energy Opportunities Fund | -0.09 | 0.17 | 0.29 | 56 | Energy Equities | FFANX vs BACIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.09 | -0.01 | 0.01 | 99 | Municipal Bonds | FFANX vs TFCYX | |
| BlackRock Tactical Opportunities Fund Institutiona... | -0.05 | 0.19 | 0.13 | 81 | Tactical Allocation | FFANX vs PBAIX |
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