Looking to diversify beyond FFRCX? The mutual funds below have the lowest correlation with FFRCX — 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 FFRCX.
Best Diversifiers for FFRCX
11 mutual funds have low correlation with FFRCX (below 0.3), 0 of which are negatively correlated. The least correlated is RiverPark Short Term High Yield Fund (RPHIX) (High Yield Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.10 | 0.13 | 0.17 | 99 | High Yield Bonds | FFRCX vs RPHIX | |
| Pioneer ILS Interval Fund | 0.11 | 0.08 | 0.06 | 100 | High Yield Bonds | FFRCX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.12 | 0.12 | 0.15 | 100 | High Yield Bonds | FFRCX vs CCLFX | |
| Fidelity Select Semiconductors Portfolio | 0.22 | 0.24 | 0.28 | 96 | Semiconductors, Technology Equities | FFRCX vs FSELX | |
| Shenkman Capital Short Duration High Income Fund | 0.22 | 0.32 | 0.38 | 96 | High Yield Bonds | FFRCX vs SCFIX |
See all 32 diversifiers for FFRCX
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