Looking to diversify beyond FFNOX? The mutual funds below have the lowest correlation with FFNOX — 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 FFNOX.
Best Diversifiers for FFNOX
7 mutual funds have low correlation with FFNOX (below 0.3), 3 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 -0.20, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.20 | -0.02 | 0.10 | 60 | Diversified Portfolio | FFNOX vs SIFAX | |
| Fidelity Select Energy Portfolio | -0.04 | 0.23 | 0.35 | 63 | Energy Equities | FFNOX vs FSENX | |
| MH Elite Small Cap Fund of Funds Fund | -0.01 | 0.14 | 0.49 | 67 | Diversified Portfolio | FFNOX vs MHELX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.13 | 0.08 | 0.05 | 100 | Ultrashort Bond | FFNOX vs FCNVX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.13 | 0.19 | 0.22 | 91 | Inflation-Protected Bonds | FFNOX vs VTAPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FFNOX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FFNOX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | 0.02 | 0.13 | 79 | Consumer Defensive | |
| Waste Management, Inc. | -0.17 | 0.07 | 0.21 | 51 | Industrials | |
| Chubb Limited | -0.16 | 0.07 | 0.26 | 83 | Financial Services | |
| Exxon Mobil Corporation | -0.16 | 0.06 | 0.19 | 71 | Energy | |
| The Coca-Cola Company | -0.14 | 0.06 | 0.23 | 82 | Consumer Defensive |
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Build a portfolio that complements FFNOX
Add FFNOX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FFNOX