Looking to diversify beyond FFLEX? The mutual funds below have the lowest correlation with FFLEX — 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 FFLEX.
Best Diversifiers for FFLEX
0 mutual funds have low correlation with FFLEX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO RAE US Small Fund (PMJIX) (Small Cap Value Equities) with a 1Y correlation of 0.73, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO RAE US Small Fund | 0.73 | 0.77 | 0.78 | 72 | Small Cap Value Equities | FFLEX vs PMJIX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.74 | 0.77 | 96 | Semiconductors, Technology Equities | FFLEX vs FSELX | |
| Calamos Evolving World Growth Fund Class I | 0.74 | 0.75 | 0.75 | 81 | Emerging Markets Equities | FFLEX vs CNWIX | |
| Fidelity Select Technology Portfolio | 0.77 | 0.79 | 0.84 | 89 | Technology Equities | FFLEX vs FSPTX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.76 | 77 | Target Retirement Date | FFLEX vs TDIFX |
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