Looking to diversify beyond FFRAX? The mutual funds below have the lowest correlation with FFRAX — 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 FFRAX.
Best Diversifiers for FFRAX
23 mutual funds have low correlation with FFRAX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS Managed Municipal Bond Fund (SCMBX) (Municipal Bonds) with a 1Y correlation of 0.04, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS Managed Municipal Bond Fund | 0.04 | 0.18 | 0.23 | 74 | Municipal Bonds | FFRAX vs SCMBX | |
| Pioneer ILS Interval Fund | 0.07 | 0.11 | 0.09 | 100 | High Yield Bonds | FFRAX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.11 | 0.10 | 0.15 | 100 | High Yield Bonds | FFRAX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.13 | 0.11 | 0.13 | 100 | High Yield Bonds | FFRAX vs CCLFX | |
| Vanguard Equity Income Fund Investor Shares | 0.16 | 0.29 | 0.32 | 71 | Large Cap Value Equities | FFRAX vs VEIPX |
See all 46 diversifiers for FFRAX
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