Looking to diversify beyond FFLEX? The mutual funds below have historically moved differently from FFLEX, 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 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 0.72, roughly unchanged from 0.78 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO RAE US Small Fund | 0.72 | 0.77 | 0.78 | 86 | Small Cap Value Equities | FFLEX vs PMJIX | |
| Fidelity Select Semiconductors Portfolio | 0.77 | 0.74 | 0.78 | 80 | Semiconductors, Technology Equities | FFLEX vs FSELX | |
| Fidelity Select Technology Portfolio | 0.79 | 0.79 | 0.84 | 72 | Technology Equities | FFLEX vs FSPTX | |
| Dimensional Retirement Income Fund | 0.80 | 0.80 | 0.77 | 81 | Target Retirement Date | FFLEX vs TDIFX | |
| Prudential Day One Income Fund | 0.84 | 0.82 | 0.84 | 85 | Target Retirement Date | FFLEX vs PDAHX |
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