Looking to diversify beyond FFRIX? The mutual funds below have the lowest correlation with FFRIX — 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 FFRIX.
Best Diversifiers for FFRIX
18 mutual funds have low correlation with FFRIX (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 0.05, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.05 | 0.09 | 0.15 | 100 | High Yield Bonds | FFRIX vs RPHIX | |
| Pioneer ILS Interval Fund | 0.06 | 0.11 | 0.09 | 100 | High Yield Bonds | FFRIX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.14 | 0.12 | 0.14 | 100 | High Yield Bonds | FFRIX vs CCLFX | |
| Fidelity Total International Index Fund | 0.20 | 0.26 | 0.34 | 59 | Foreign Large Cap Equities | FFRIX vs FTIHX | |
| RiverPark Strategic Income Fund | 0.20 | 0.23 | 0.29 | 68 | High Yield Bonds | FFRIX vs RSIIX |
See all 33 diversifiers for FFRIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FFRIX
Add FFRIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FFRIX