Looking to diversify beyond FIRSX? The mutual funds below have the lowest correlation with FIRSX — 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 FIRSX.
Best Diversifiers for FIRSX
1 mutual funds have low correlation with FIRSX (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 0.19, 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 | 0.19 | 0.11 | 0.07 | 92 | Long-Short | FIRSX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.45 | 0.19 | -0.04 | 67 | Systematic Trend | FIRSX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.71 | 0.65 | 0.68 | 75 | Large Cap Growth Equities | FIRSX vs NASDX | |
| iShares S&P 500 Index Fund | 0.78 | 0.72 | 0.74 | 73 | S&P 500 | FIRSX vs WFSPX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.78 | 0.77 | 0.79 | 83 | Target Retirement Date | FIRSX vs DRILX |
See all 44 diversifiers for FIRSX
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