Looking to diversify beyond FFRCX? The mutual funds below have historically moved differently from FFRCX, 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 FFRCX
15 mutual funds have low correlation with FFRCX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.07, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.07 | 0.16 | 0.29 | 70 | High Yield Bonds | FFRCX vs FOCIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.09 | 0.11 | 0.15 | 100 | Bank Loan, High Yield Bonds | FFRCX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.09 | 0.13 | 0.17 | 99 | High Yield Bonds | FFRCX vs RPHIX | |
| Pioneer ILS Interval Fund | 0.12 | 0.09 | 0.06 | 100 | High Yield Bonds | FFRCX vs XILSX | |
| Fidelity Select Semiconductors Portfolio | 0.21 | 0.24 | 0.27 | 80 | Semiconductors, Technology Equities | FFRCX vs FSELX |
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