Looking to diversify beyond FFNCX? The mutual funds below have the lowest correlation with FFNCX — 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 FFNCX.
Best Diversifiers for FFNCX
2 mutual funds have low correlation with FFNCX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.17 | 0.47 | 64 | Diversified Portfolio | FFNCX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.28 | 0.16 | 0.10 | 92 | Long-Short | FFNCX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.61 | 0.65 | 96 | Diversified Portfolio | FFNCX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.61 | 0.64 | 95 | Diversified Portfolio | FFNCX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.39 | 0.61 | 0.65 | 96 | Diversified Portfolio | FFNCX vs FSRRX |
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