Looking to diversify beyond FIRQX? The mutual funds below have the lowest correlation with FIRQX — 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 FIRQX.
Best Diversifiers for FIRQX
1 mutual funds have low correlation with FIRQX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.22, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.22 | 0.11 | 0.07 | 95 | Long-Short | FIRQX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.41 | 0.15 | -0.09 | 60 | Systematic Trend | FIRQX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.61 | 0.55 | 0.60 | 66 | Technology Equities | FIRQX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.66 | 0.58 | 0.61 | 70 | Large Cap Growth Equities | FIRQX vs NASDX | |
| Connecticut Higher Education Trust 529 College Sav... | 0.72 | 0.70 | 0.70 | 77 | Target Retirement Date | FIRQX vs FAELX |
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