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 Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.25, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.25 | 0.13 | 0.08 | 96 | Equity Market Neutral | FIRSX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.42 | 0.20 | -0.05 | 55 | Systematic Trend | FIRSX vs ASFYX | |
| BlackRock Enhanced Large Cap Core Fund | 0.45 | 0.52 | 0.61 | 82 | Derivative Income | FIRSX vs CII | |
| BlackRock Enhanced Equity Dividend Fund | 0.58 | 0.56 | 0.58 | 55 | Derivative Income | FIRSX vs BDJ | |
| iShares S&P 500 Index Fund Class K | 0.75 | 0.71 | 0.73 | 56 | S&P 500 | FIRSX vs WFSPX |
See all 45 diversifiers for FIRSX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FIRSX
Add FIRSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FIRSX