Looking to diversify beyond FIRMX? The mutual funds below have the lowest correlation with FIRMX — 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 FIRMX.
Best Diversifiers for FIRMX
1 mutual funds have low correlation with FIRMX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.21, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.22 | 0.11 | 0.06 | 96 | Equity Market Neutral | FIRMX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.39 | 0.15 | -0.11 | 55 | Systematic Trend | FIRMX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.62 | 0.56 | 0.58 | 53 | Large Cap Growth Equities | FIRMX vs NASDX | |
| Connecticut Higher Education Trust 529 College Sav... | 0.68 | — | — | 66 | Target Retirement Date | FIRMX vs FAELX | |
| Voya Solution 2050 Portfolio | 0.70 | 0.69 | 0.68 | 69 | Target Retirement Date | FIRMX vs ISNQX |
See all 469 diversifiers for FIRMX
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Diversification Analysis
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