Looking to diversify beyond FFNYX? The mutual funds below have historically moved differently from FFNYX, 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 FFNYX
0 mutual funds have low correlation with FFNYX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Real Return Fund (SRAAX) (Inflation-Protected Bonds) with a 1Y correlation of 0.85, roughly unchanged from 0.85 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Real Return Fund | 0.85 | 0.85 | 0.85 | 64 | Inflation-Protected Bonds | FFNYX vs SRAAX |
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