Looking to diversify beyond FFRTX? The mutual funds below have the lowest correlation with FFRTX — 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 FFRTX.
Best Diversifiers for FFRTX
7 mutual funds have low correlation with FFRTX (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 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.10 | 0.10 | 0.16 | 99 | High Yield Bonds | FFRTX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.16 | 0.10 | 0.15 | 100 | High Yield Bonds | FFRTX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.17 | 0.09 | 0.07 | 100 | High Yield Bonds | FFRTX vs XILSX | |
| Vanguard Short-Term Investment-Grade Fund Admiral ... | 0.20 | 0.13 | 0.16 | 60 | Total Bond Market | FFRTX vs VFSUX | |
| Fidelity Select Semiconductors Portfolio | 0.26 | 0.24 | 0.28 | 96 | Semiconductors, Technology Equities | FFRTX vs FSELX |
See all 33 diversifiers for FFRTX
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