Looking to diversify beyond FFRIX? The mutual funds below have historically moved differently from FFRIX, 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 FFRIX
21 mutual funds have low correlation with FFRIX (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 0.28 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 | 0.15 | 0.28 | 73 | High Yield Bonds | FFRIX vs FOCIX | |
| Pioneer ILS Interval Fund | 0.08 | 0.10 | 0.09 | 100 | High Yield Bonds | FFRIX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.10 | 0.11 | 0.15 | 100 | High Yield Bonds | FFRIX vs RPHIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.11 | 0.12 | 0.14 | 100 | Bank Loan, High Yield Bonds | FFRIX vs CCLFX | |
| Delaware Healthcare Fund | 0.12 | 0.21 | 0.21 | 77 | Health & Biotech Equities | FFRIX vs DLHIX |
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