Looking to diversify beyond FFANX? The mutual funds below have historically moved differently from FFANX, 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 FFANX
19 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 -0.24, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.24 | -0.02 | 0.12 | 83 | Diversified Portfolio | FFANX vs SIFAX | |
| BlackRock Energy Opportunities Fund | -0.11 | 0.16 | 0.28 | 82 | Energy Equities | FFANX vs BACIX | |
| BlackRock Energy Opportunities Fund | -0.11 | 0.16 | 0.28 | 81 | Energy Equities | FFANX vs BACAX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.08 | -0.01 | 0.01 | 99 | Municipal Bonds | FFANX vs TFCYX | |
| BlackRock Tactical Opportunities Fund Institutiona... | -0.01 | 0.21 | 0.13 | 85 | Tactical Allocation | FFANX vs PBAIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FFANX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.60 | 0.64 | 0.71 | 89 |
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