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Looking to diversify beyond FFNAX? The mutual funds below have historically moved differently from FFNAX, 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 FFNAX

3 mutual funds have low correlation with FFNAX (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 -0.23, down from 0.12 over 5 years.

How candidates are selected

See all 54 diversifiers for FFNAX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for FFNAX, 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

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BlackRock Enhanced Large Cap Core Fund, Inc.0.610.640.72
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