Looking to diversify beyond FFRTX? The mutual funds below have historically moved differently from FFRTX, 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 FFRTX
11 mutual funds have low correlation with FFRTX (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 -0.03, 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 | -0.03 | 0.15 | 0.28 | 73 | High Yield Bonds | FFRTX vs FOCIX | |
| RiverPark Short Term High Yield Fund | 0.10 | 0.10 | 0.15 | 100 | High Yield Bonds | FFRTX vs RPHIX | |
| Pioneer ILS Interval Fund | 0.14 | 0.10 | 0.07 | 100 | High Yield Bonds | FFRTX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.15 | 0.10 | 0.15 | 100 | Bank Loan, High Yield Bonds | FFRTX vs CCLFX | |
| Vanguard Short-Term Investment-Grade Fund Admiral ... | 0.16 | 0.12 | 0.15 | 74 | Total Bond Market | FFRTX vs VFSUX |
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