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
5 mutual funds have low correlation with FFANX (below 0.3), 1 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 -0.18, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.18 | 0.05 | 0.15 | 76 | Diversified Portfolio | FFANX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.18 | 0.48 | 69 | Diversified Portfolio | FFANX vs MHELX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.09 | 0.12 | 0.11 | 99 | Total Bond Market | FFANX vs FCNVX | |
| Fidelity Floating Rate High Income Fund | 0.23 | 0.28 | 0.34 | 91 | Bank Loan | FFANX vs FFRHX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.29 | 0.17 | 0.10 | 92 | Long-Short | FFANX vs BDMIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FFANX
Add FFANX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FFANX