Looking to diversify beyond FFNYX? The mutual funds below have the lowest correlation with FFNYX — 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 FFNYX.
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 Lord Abbett Inflation Focused Fund Class A (LIFAX) (Inflation-Protected Bonds) with a 1Y correlation of 0.79, roughly unchanged from 0.79 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Inflation Focused Fund Class A | 0.79 | 0.79 | 0.79 | 68 | Inflation-Protected Bonds | FFNYX vs LIFAX |
Diversification Analysis
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