Looking to diversify beyond FFNOX? The mutual funds below have historically moved differently from FFNOX, 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 FFNOX
7 mutual funds have low correlation with FFNOX (below 0.3), 2 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 -0.19, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.19 | -0.03 | 0.08 | 83 | Diversified Portfolio | FFNOX vs SIFAX | |
| Fidelity Select Energy Portfolio | -0.07 | 0.21 | 0.34 | 87 | Energy Equities | FFNOX vs FSENX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.13 | 0.48 | 68 | Diversified Portfolio | FFNOX vs MHELX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.11 | 0.07 | 0.05 | 99 | Ultrashort Bond | FFNOX vs FCNVX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.12 | 0.17 | 0.21 | 91 | Inflation-Protected Bonds | FFNOX vs VTAPX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FFNOX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | 0.01 | 0.11 | 66 | Consumer Defensive | |
| Chubb Limited | -0.22 | 0.06 | 0.24 | 87 | Financial Services | |
| Duke Energy Corporation | -0.20 | -0.00 | 0.13 | 52 | Utilities | |
| ConocoPhillips Company | -0.20 | 0.05 | 0.21 | 73 | Energy | |
| Exxon Mobil Corporation | -0.19 | 0.04 | 0.18 | 85 | Energy |
To view more results, upgrade your current subscription plan.
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